Wilson Sons Reports Annual Net Profit of USD 48.0M
RIO DE JANEIRO, March 19, 2013
RIO DE JANEIRO, March 19, 2013 /PRNewswire/ --Wilson Sons Limited ("WSON11")
announces its results for the Fourth Quarter ("4Q12") and full year 2012.
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 online at:
+55 21 2126-4107
About Wilson Sons
Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest
providers of integrated port and maritime logistics solutions. With a business
track record of over 175 years, the Company has developed an extensive
national network and provides a comprehensive set of services related to
domestic and international trade, as well as to the oil and gas industry. Its
principal operating activities are divided into the following lines of
business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and
Shipyards. For more information, please visit our website at
SOURCE Wilson Sons
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