STI posts 24% increase in consolidated net profits

Bnamericas Published: Tuesday, February 24, 2009
Chilean private port operator San Antonio Terminal Internacional (STI) posted a US$8.32mn consolidated net profit for 2008, up 23.8% from the US$6.72mn posted the year before, the firm reported to the country's securities regulator SVS. Operating profit was up to US$13.6mn, compared to the US$10.8mn posted in 2007, while revenues were up 19% from US$56.0mn to US$66.6mn. STI handled a total of 9.18Mt of cargo during 2008, the firm's commercial manager, Daniela Olivares, told BNamericas. CARGO STI operates in Chile's largest port, San Antonio, which handled a total of 46% of the cargo in region V, an official from state-owned San Antonio port administrator Empresa Portuaria San Antonio ( Epsa) told BNamericas. Valparaíso and Ventana ports handled the remainder of the region's cargo. In total, San Antonio port handled 13.2Mt of cargo in 2008, equivalent to a 4.4% increase over the amount handled in 2007, the official added.

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