Wilson, Sons Delivered Nearly 40% Growth in Second Quarter 2011
RIO DE JANEIRO, Aug. 12, 2011 /PRNewswire/ -- Wilson Sons Limited ("WSON11"), announced its results for the Second Quarter of 2011 ("2Q11") and half-year ("1H11").
Highlights
The Company reported record quarterly and half-year revenues of USD 182.3M and USD 338.9M, led by strong growth at Port Terminals and Logistics.
"It is good to see that Wilson, Sons continues to increase its top-line, delivering record revenues for the quarter and half-year," said Cezar Baiao, CEO of Operations in Brazil.
Quarterly EBITDA of USD 33.7M was 6.7% higher compared to 2Q10, benefiting from better pricing, warehousing, and improved deep-sea volumes in the container terminals business.
Net income of USD 13.7M for the quarter is down 55.9% as net income for 2Q10 included non-recurring events regarding the formation of the joint venture, as discussed in our 2Q10 earnings release.
"With strong financial discipline and focus on executing our investment plan, we are making steady progress in implementing our strategy, continuing our sustained profitability and growth," elaborated Baiao.
Wilson, Sons' full 2Q 2011 Earnings Release is available online at: www.wilsonsons.com.br/ir
IR Contacts:
Guilherme Nahuz
Eduardo Valenca
[email protected]
+55 21 2126-4263
Twitter:@WilsonSonsIR
YouTube: WilsonSonsIR
About Wilson, Sons
Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 170 years, the Company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards. For more information, please visit our website at www.wilsonsons.com.br/ir
SOURCE Wilson Sons Limited
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