Kingston Wharves Limited (KWL) reports 21% increase in Q3 Profit

For the nine months ended September 30, 2018, KWL reported net profit attributable to shareholders of $1.42Bn (EPS: 99¢), representing an increase of 21% relative to the $1.18Bn (EPS: 82¢) reported in the corresponding period last year. The performance was primarily driven by strong revenue growth in its terminal operations (+13%) and logistic operations (+29%). KWL attributes this performance to strategic investments in infrastructure and capacity. At the close of yesterday’s trading session, KWL traded at a price of $76.75, representing a capital gain of 136% year to date.