Matson Inc., Hawaii’s largest ocean cargo transportation company, earned a record profit last year despite fourth-quarter net income that was a bit lower than the same quarter a year earlier.
Honolulu-based Matson announced on Tuesday that it earned $103 million last year, up 46 percent from $70.8 million in 2014.
Matt Cox, the firm’s president and CEO, called 2015 an “exceptional” year for Matson. “Financially, it was the best year in our history,” he said in a statement.
Revenue for the year totaled $1.89 billion, up from $1.71 billion the year earlier.
In the fourth quarter, Matson’s profit was $26.6 million on revenue of $495 million. That compared with a $27.8 million profit on revenue of $444 million in the same quarter the year before.