Singapore's Portek International, a global specialist provider of solutions to the port industry, has posted its full year unaudited results ended June 30, 2007, which show that profit attributable to share holders plummeted 89 per cent to S$1 million (US$657,750), down from SGD9.08 million a year ago.
During the reporting period revenue fell 11 per cent to SGD102.04 million. The previous financial year was said to have been an exceptional year for sales of equipment components and spares.
Terminal operations revenue, however, more than doubled to SGD35.6 million, up from SGD16.8 million the previous financial year. This was due to contributions from its new terminal in Malta, which commenced operations in the middle of 2006, and the Bejaia Mediterranean Terminal.
During the reporting period revenue fell 11 per cent to SGD102.04 million. The previous financial year was said to have been an exceptional year for sales of equipment components and spares.
Terminal operations revenue, however, more than doubled to SGD35.6 million, up from SGD16.8 million the previous financial year. This was due to contributions from its new terminal in Malta, which commenced operations in the middle of 2006, and the Bejaia Mediterranean Terminal.