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Honolulu-based ocean cargo transportation firm Matson Inc. released its final calculation Wednesday for just how high its record-breaking quarterly profit was for the three months ended Sept. 30.
The figure — $283.2 million — was on the high side of an estimated range between $277 million and $286 million the company provided Oct. 11.
Revenue for Matson totaled $1.07 billion in the third quarter, up from $645 million in the same period last year.
Matson’s third-quarter profit was a record for any quarter in the company’s history, and also exceeded what Matson earned during all of 2020 and 2019 combined.
In the third quarter of last year, Matson earned $70.9 million.
Booming business carrying freight from China with additional ships and port stops drove most of the gain, according to the company.
Third-quarter net
$283.2 million
Year-earlier net
$70.9 million