Santos Port Authority records strong profit growth 

Santos Port Authority (SPA) achieved the best financial result in its history last year, recording a net profit of R$547m (US$104m), delivering a huge jump of 66%.  

The result represents the third consecutive year of record profits and a sequence of four years in the black for the port authority, which has seen a radical shake-up in recent years, preparing for a privatisation which now seems unlikely. 

According to the port authority, its trajectory reflects efforts to increase efficiency, deliver an austerity culture and rationalise expenses, enhancing the generation of value for the main link in the national logistics chain.