Brazil-based Wilson Sons has reported net revenues of US$159.1 million for the fourth quarter of 2010, up 23.0 percent compared to 4Q09, and US$575.6 million for the full year, up 20.4 percent, with volumes expanding across all businesses.
928,700TEU were moved through the company's container terminals in 2010, up 4.6 percent over 2009 despite the adverse impact of the strong Real.
"We are pleased to deliver another strong year to our shareholders," said Cezar Baiao, CEO of Operations in Brazil. "Wilson, Sons' record investment of US$190.3 million in 2010 demonstrates our commitment to developing port, maritime, and logistics infrastructure for the service of our clients. The company is experiencing outstanding demand in the areas of international trade, oil and gas, and the Brazilian domestic economy."
EBITDA of US$30.4 million for the quarter was up 8.3 percent due to positive results in port terminals, logistics and the shipyard.
{WISroYQ symbol='WSON11.SA'}
