SCPA revenues rise in line with volumes

The South Carolina Ports Authority reported 2014 fiscal year-end operating earnings of US$14.3m, 20.7% over the organisation’s financial plan.

From July through June, the SCPA posted operating revenues of US$164.1m, an increase of nearly 17% over the previous fiscal year. FY2014 expenses totaled $149.9 million.

“With the Port’s aggressive capital plan for the next several years, a solid financial performance is essential,” said SCPA board chairman Bill Stern. “The strong 2014 fiscal year revenues reported today reflect that the SCPA remains focused on the growth necessary for these important projects.”