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Cargo Handlers made lower profit of $57.48 million in Q3

Cargo Handlers says it made a lower profit of $57.49 million in its third quarter ending June 2024.
 
In the comparable period ended June 2023, the company made $63.38 million in post tax earnings
 
During the quarter, the company faced higher finance costs, along with administrative and operating expenses.
 
As for revenues, Cargo Handlers is also reporting lower inflows, amounting to $104.7 million.
 
This represents a 2 per cent decline, versus the $106.67 million made in the similar period ended June 2023.
 
The drop was linked to a 17 per cent reduction in the number of containers handled, due to the suspension of its 'LNG ISO' processing.
 
There were also higher sales costs.


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