Chile
News

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.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects in: Infrastructure (Chile)

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Infrastructure (Chile)

Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Empresa de los Ferrocarriles del Estado  (EFE)
  • Chile's state-owned railway company, Empresa de los Ferrocarriles del Estado (EFE), is engaged in the development, maintenance and operation of rail infrastructure and services....
  • Company: Besalco S.A.  (Besalco)
  • Chilean construction and engineering group Besalco S.A. (Besalco) is controlled by the Besanilla-Saavedra family and was established in 1944. It expanded into the Peruvian marke...