Quantcast

Thursday, July 24, 2014         

 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

Matson doubles third-quarter profit

By Star-Advertiser staff

POSTED:
LAST UPDATED: 11:23 a.m. HST, Nov 07, 2012



Matson Inc. more than doubled its profit in the July-September quarter representing the company's first full quarter as an independent company.

Hawaii's largest ocean cargo transportation firm announced today that it earned $19.1 million in the third quarter, up from $8.7 million in the same period last year.

Revenue was $401.4 million in the third quarter, up from $380.6 million a year earlier.

Matt Cox, Matson's CEO, said the company's performance was "steady" and that there was a modest improvement in Hawaii shipping, strong volume in Guam and increased volume and rates for its service in China.

Honolulu-based Matson was previously a subsidiary of local company Alexander & Baldwin Inc., but was spun off into a stand-alone company June 29.







 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(1)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
usahwn wrote:
We the people of Hawaii suffer from this monopoly ; paying 3 times the cost of goods on the west coast . Where are all the bs politicians ?
on November 7,2012 | 05:52PM
IN OTHER NEWS
Breaking News