KWL reports robust growth in profitability in 2010

Monday, 21 February 2011 20:36

Kingston Wharves Limited (KWL) reported net profit of $887Mn (EPS: $0.56) for the 2010 financial year. This more than quadrupled net profit of $196Mn (EPS: $0.14) recorded over 2009. The performance was driven by increased volumes of cargos processed, actuarial adjustment of its pension fund and the appreciation of the local dollar which positively impacted financing costs which are predominantly US$ liabilities.