An increase in the imports of forest products to the UK is one of the factors helping Associated British Ports Holdings plc growth during 2002.
Announcing its trading update for the six months to June 30 this year, the company says that group turnover for the period is expected to increase by at least 3% with turnover from the ports and transport activities increasing by at least 7%.
Growth rate for the UK ports this year, particularly in the second half, will be underpinned by new contracts and operating profit for the ports and transport activities is expected to see a 3% rise.
Turnover from the group’s UK and US ports and transport operations is expected to show an increase of at least 7% which is expected to lead to a 4% rise in operating growth.
The company would not break out precise figures for forestry and timber products, but said that growth in these areas was making a contribution to its bottom line.
Further details will be available when the group’s interim results are announced September 4.
