PSA Group – “commendable performance”
PSA International and its subsidiaries handled 90.9 million teu in 2022. PSA Singapore contributed 37 million teu, and PSA terminals outside Singapore posted a total throughput of 53.9 million teu. All three figures are 0.7% lower than in 2021.
PSA Group revenue (USD 5.9 billion) increased by 71%, supported by business acquisitions and higher storage income. Profit from operations (USD 1.6 billion) rose by 15.3%, and overall net profit for the year (USD 1.158 billion) improved by 13.1% from the previous year, due to growth in other income and contribution from acquisitions, such as the takeover of global logistics solutions provider BDP International.
Group chairman Peter Voser said that “2022 was a year marked by unpredictability. Amidst the many challenges, we stayed focused on our strategic priorities and delivered a commendable performance.” (ah)