Port of Salalah announces Q1 results 2012-05-16

Salalah Port Services Company SAOG, also Port of Salalah, has announced its unaudited results for the first quarter (Q1) of 2012 to the Muscat Securities Market.

Port of Salalah has reported Q1 revenue at RO 13.76 million (US$ 35.77 million), against RO 13.56 million (US$ 35.26 million) for the corresponding period last year, on the back of increased volumes in the port's container terminal and general cargo terminal operations.

Container traffic at Port of Salalah increased by 3% to a throughput of 922,000 TEU (Twenty-foot Equivalent Unit), while general cargo terminal operations have recorded a 10% growth and throughput of 1.621 million tons in Q1 of 2012.