PSA acquires 85% stake in Loconi
NewsPSA Baltics will acquire an 85% stake in Loconi Intermodal S.A., aiming to expand rail services and enhance hinterland connections from the Baltic Hub.
PSA results
PSA Corporation has posted its financial results for calendar 2002. Turnover rose 29.5 percent to Sing$2960 mill, but pre-tax profit fell 31.7 per cent to Sing$690.9 mill due mainly to lower revenues in Singapore, where PSA has been forced to cut tariffs and charges by competitive pressures from Tanjung Pelepas, and to problems at Aden (see also p32).
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