PSA Profits Dip: What Investors Must Know | The Investing Iguana π¦
π© PSA International 2023 Results: Navigating Choppy Waters ππ
In this video, we dive deep into the latest financial results of PSA International, the Singapore-based global port operator.
Despite handling record container volumes of 94.8 million TEUs in 2023 (up 4.3% YoY), PSA saw its net profit slide 6.3% to S$1.5 billion as it faced economic headwinds like inflation and rising interest rates.
We'll break down the key numbers, analyze what they mean for PSA's financial health, and discuss the risks and opportunities ahead as the company navigates an uncertain global trade environment in 2024.
Highlights:
=PSA's Singapore terminals moved 38.8M TEUs (+4.8% YoY)
=Terminals outside Singapore handled 56M TEUs (+3.9%)
=Revenue fell 11.2% to S$7.1B on weak trade demand
=Operating profit dipped 2.6% to S$2.1B
=Strong balance sheet with 0.46 gross debt-to-equity
Is PSA a port of call for your portfolio? Or will it be stuck in the doldrums? Tune in to find out!
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