Wilson, Sons Reports Record Revenues and EBITDA for 2011
RIO DE JANEIRO, March 26, 2012 /PRNewswire/ -- Wilson Sons Limited ("WSON11") announced its results for the Fourth Quarter of 2011 ("4Q11") and for Full Year 2011.
Highlights
Record Revenues and EBITDA of $698.0M and $163.3M for 2011, respectively, reflect intense activity across all major businesses.
"Our long term approach combined with a resilient strategy warranted us another positive year in 2011. There are achievements to celebrate in each of our businesses", said Cezar Baião, CEO of Operations in Brazil.
The expansion of Tecon Salvador, the development of the new Guarujá Shipyard, and new Offshore and Towage vessels are the major contributors to the CAPEX of USD 262.9M in 2011.
"For 175 years, we have built service excellence and solid relationships forged on values and principles. What Wilson Sons is today is mainly the result of the engagement of our employees, whom we thank for their exceptional commitment to the Company throughout our history", elaborated Baião.
Wilson, Sons' full 4Q 2011 Earnings Release is available online at: www.wilsonsons.com.br/ir
IR Contacts:
Michael Connell
Eduardo Valença
[email protected]
+55 21 2126-4107
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 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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