Turnover from Associated British Ports‘ core UK ports and transport activities is expected to grow by at least 5% for the year ending December 31, 2003, the company said in a trading statement.
Group pre-tax profits are predicted to be “in line with market expectations”, while operating profits are likely to grow by at least 5% compared with the previous year.
Timber-related investments announced at the Port of Hull during 2003 totalled £1.4m, backed by 10-year agreements with North Sea Lumber (Sales) Ltd and Rix Shipping.
A 10-year deal with Rowlinson Timber was agreed to invest £1m in a new timber terminal at the Port of Immingham.
