Brazil's Wilson Sons 2012 Profit Down Slightly

Press Release
Wednesday, March 20, 2013

Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012.

Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards.

The Company's Net Revenues reached USD 645.3M, and EBITDA USD 151.5M for 2012, 7% lower than the previous year. The drop is mainly a result of the end of a temporary Petrobras operation with Brasco, as well as the discontinuation of dedicated operations in the logistics business.

"We will remember 2012 as the year we concluded important projects which significantly improved capacity. Despite the challenging economic environment with reduced trade flow, the Company celebrated its 175th Anniversary and successfully inaugurated the expansion of Tecon Salvador and the new Guaruja II shipyard facility" said Cezar Baiao , CEO of Operations in Brazil.

Wilson Sons posted record revenues in the Towage, Offshore Vessels and Shipyard businesses, and Net Income for the Company grew by 28%, to USD 48.0M. Cezar Baiao was, however, cautious with the outlook:
"We remain optimistic with the opportunities brought with new capacity, and conscious of the challenges ahead", concluded the CEO.

Wilson Sons ' full Q4 and 2012 Earnings Release is available here.
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

OTC Names Technology Award Winners

The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award.

Jack W. Fisher Passes Away at 73

Jack W Fisher, president of JW Fishers Mfg. passed away at home after a brief illness on February 20, 2015. He was 73 years old.   The JW Fishers business was started because Fisher,

Piracy Still a Big Threat in the Indian Ocean

Underestimating the security risk in the Indian Ocean could put ships in danger once again, says maritime security company MAST Ltd.   “Whilst recent reports

Finance

Global LNG-Asia Prices Creep Higher on Japanese Demand

Asian spot liquefied natural gas prices edged higher as scattered demand from Japanese buyers and others helped stem the recent decline in prices, traders said on Friday.

Drop in Cocoa Bean Size Worries Ivorian Exporters

Dry weather in top cocoa grower Ivory Coast has caused a sharp drop in bean size and will delay the start of the April-to-September mid-crop by nearly two months,

Wärtsilä, CME Offer ‘Scrubber Finance’

Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread   In a move intended

 
 
Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1694 sec (6 req/sec)