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P&O Ports star performer in group half-year report
01 Sep 2004
The P&O Group recently delivered a half-year trading report that highlighted the strong performance of the group's core P&O Ports division.
A better than expected performance is forecast for P&O Ports in 2004
Excluding the Maritime Services business, where P&O's 50% interest in International Offshore Services was sold on 30 June 2003, operating profit increased by 30% to £68.9m (from £52.8m previously). The performance would actually have been better - a 40% increase - had adverse currency movements not come into play to the tune of £5.4m.
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