Matson income buoyed by Guam, China volume

By Andrew Gomes

POSTED: 01:30 a.m. HST, Nov 08, 2012

~~<p>Matson Inc. more than doubled its profit during the first full quarter it has operated as an independent company, but the gain was primarily due to a big expense that lowered profit a year ago.</p>
<p>Hawaii’s largest ocean cargo transportation firm and former subsidiary of Alexander & Baldwin Inc. announced Wednesday that it earned $19.1 million in the third quarter compared with $8.7 million in the same period last year.</p>
~~

Matson Inc. more than doubled its profit during the first full quarter it has operated as an independent company, but the gain was primarily due to a big expense that lowered profit a year ago.

Hawaii’s largest ocean cargo transportation firm and former subsidiary of Alexander & Baldwin Inc. announced Wednesday that it earned $19.1 million in the third quarter compared with $8.7 million in the same period last year. Login for more...