Mined results for US Jones Act lines

摘要

Matson has announced a mixed set of inaugural results since its separation from former parent Honolulu-based Alexander & Baldwin and its life as a listed company on the New York Stock Exchange. Weakness in the company's logistics division, a significant decline in cargo volumes moved to/from Hawaii - its core trade - expenses associated with discontinued operations (USD6.1 million) and costs associated with the corporate split (USD8.3 million at the pre-tax level) combined to depress Matson's net income. This fell from USD23.9 million in H1 11 to USD11.2 million this year, a reduction of more than 53% (see table).