Forth Ports expects first half to be ahead of same period in 2009
The country’s only listed ports company, Forth Ports, yesterday said it expected earnings for the first half of 2010 to be well ahead of last year as it cut costs and improved efficiencies.
“With our improved operational gearing, diversified cargo and broad customer base, we are confident that the underlying outcome for the full-year will be in line with our expectations,” the company said.
A spokesman for the company said “an enormous amount of work into reducing cost base and improvements in efficiency” were behind the company’s improved performance.
Forth Ports, which successfully fought off a £640m takeover approach from shareholders earlier this year, manages and owns several commercial ports in Britain, including six in Scotland and Tilbury on the Thames.