Quantcast
  

Sunday, September 21, 2014         

MATSON EARNINGS


TO ACCESS SUBSCRIBER CONTENT:
Current Print Subscribers
ACTIVATE account
- OR -
LOGIN or SUBSCRIBE
for full digital access

Profits fall after shipments decline, expenses increase

By Dave Segal

POSTED: 01:30 a.m. HST, Aug 01, 2014

~~<p>A drop in Hawaii container and automobile shipments and an increase in operating and handling expenses dragged down Matson Inc.'s earnings in the second quarter, but the company said it expects its overall results to improve during the second half of the year.</p>
<p>The state's largest ocean shipper said Thursday that net income fell 10 percent to $18.1 million, or 42 cents a share, from $20.1 million, or 47 cents a share, in the year-earlier quarter. Revenue rose 4.8 percent to $436.4 million from $416.6 million.</p>
~~

A drop in Hawaii container and automobile shipments and an increase in operating and handling expenses dragged down Matson Inc.'s earnings in the second quarter, but the company said it expects its overall results to improve during the second half of the year.

The state's largest ocean shipper said Thursday that net income fell 10 percent to $18.1 million, or 42 cents a share, from $20.1 million, or 47 cents a share, in the year-earlier quarter. Revenue rose 4.8 percent to $436.4 million from $416.6 million. Login for more...



Login or sign up below for the complete story

Print Subscribers
ACTIVATION
Current print subscribers, activate your premium content account for unlimited online access & commenting
New Subscribers
Find subscription offers in your area and choose the package that suits your reading preferences.

14-DAY PASS
14 day premium online access and commenting ability on StarAdvertiser.com