Teesport benefited from increased cargo loads travelling on the river
The company saw its revenues grow by 6% from £129.5m to £137.5m for the 2017 calendar year. The growth was fuelled by an increase in the amount of imports and exports travelling on the river, with 24.1m tonnes of cargoes, 2% more than 2016.
In the company’s accounts, director Frans Calje said: “River volumes grew by 2% driven by higher imports and exports across the company and third party customer berths, replaced the lost volumes in prior years.”
The amount of units handled by the port’s ferry, container and rail terminals also grew by 2%, outpacing national figures which declined by 1.2%. In total Teesport moved 340,000 units through its terminals, compared with 312,000 during the previous year.
Mr Calje added that the port managed to grow its market share after its “recent and continuing investment programme” created extra capacity at its site.
The improved turnover figures allowed PD Ports to increase its operating profit by 10%, from £28.7m from £26m. Profit after tax also grew from £5.2m to £12.9m.
Mr Calje said: “The directors consider that the group is well placed to deliver long-term growth in its earnings, based upon organic growth opportunities both to complement its existing customer and cargo base and to increase its service offering to customers in new markets.”
During the year PD Ports saw its staff numbers fall by 65 to 1,232. The company’s total staffing costs however, jumped from £46.5m to £47.5m
Earlier this month PD Ports became the latest firm to sign the Armed Forces Covenant,to support ex-members of the military find local jobs after their service ends.
Russ McCallion, PD Ports’ HR director, said: “The wealth of transferable skills and attitude ex-service men and women bring to our business is exceptional. They are disciplined, decisive and determined individuals with a true team spirit, which adds real value to our business and the wider supply chain. I would encourage any business operating in the logistics sector to consider the potential of employing former military personnel.
“With Europe’s largest Garrison at Catterick, only 30 miles away from our main operations at Teesport, we aim to help provide stable employment opportunities for veterans as they start to build a new life.”
Source: www.gazettelive.co.uk, 29 June 2018