This figure represents an increase of 6% with respect to the same period of 2015, emphasizing the results shown by the Port Terminals Division.
Santiago, May 6, 2016. SAAM, a multinational company leader in the provision of port, logistics and tugboat services in America, obtained earnings for US$14.7 million during the first quarter of 2016, representing a growth of 6% compared to 2015.
Considering jointly the consolidated financial statements and the results of its business affiliates at their proportional value, the Port Terminals Division played a fundamental role, particularly Terminal Internacional del Sur (Tisur) –second major port in Peru- incorporated in November of 2015 to SAAM business portfolio in alliance with the Romero Group. Also significant were the tugboat operations in Brazil, where the joint venture with Royal Boskalis continues generating synergies in said country, as well as the services provided in Central America.
“The diversification and soundness of our operations, in 15 countries and 80 ports of America, allow us to maintain a position of leadership with positive results. This explains our good performance in spite of a difficult context, where regional economy is moderately growing, the price of commodities remain low, and the consolidation process of shipping companies continues”, stated Company CEO Macario Valdés.
The management of the Company, plus its geographic diversification, allows it to project investments of around US$140 million during the current year, which will be mostly allocated to expansion works in its Chilean terminals: San Vicente Terminal Internacional (SVTI) and San Antonio Terminal Internacional (STI), and in Terminal Portuario Guayaquil (TPG) in Ecuador. Furthermore, the increase and renovation of its fleet of tugboats is significant, with SAAM being the fourth actor at world level.
