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PSA International reports 6.2% lower FY20 earnings of $1.17 bil on lower income and higher other operating expenses

Felicia Tan
Felicia Tan • 2 min read
PSA International reports 6.2% lower FY20 earnings of $1.17 bil on lower income and higher other operating expenses
Revenue for the FY2020 grew 2.5% y-o-y to $4.18 billion on higher throughput and business acquisitions.
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PSA International has reported earnings of $1.17 billion for the FY2020 ended December, 6.2% lower than earnings of $1.25 billion in FY2019, due to lower income and other operating expenses.

During the year, PSA International handled 1.7% more 86.6 million twenty-foot equivalent units (TEUs) y-o-y. The group also contributed 36.6 million TEUs, representing a 0.9% drop y-o-y.

PSA terminals outside Singapore delivered a total throughput of 50 million TEUs, up 3.7% y-o-y.

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