PSA
Our Financial Performance
PSA continued to show strong financial performance in 1997 due mainly to a 9.2% increase in container throughput. The combined operating income for the Port of Singapore Authority from January 1997 to September 1997 and PSA Corporation Limited, including PSA Marine Pte Ltd, from October 1997 to December 1997 was $1,972 million, an increase of 3.8%. Operating expenditure dropped by 1.2% over 1996 to $990 million. Overall, PSA achieved a 9.5% growth in operating surplus to reach $982 million.
Investment income for 1997 increased by $43 million or 37.9% to $156 million.
The net surplus before contribution to the consolidated fund/tax was $1,124 million, an increase of 15.1% over 1996.
Port of Singapore Authority/PSA Corporation Ltd
Balance Sheet as at 31 December 1997
