25-Feb-2011 4:21 PM
World Fuel Services Corporation reports 70% revenue increase in 2010
Analysis
World Fuel Services Corporation reported an increase in revenue of 69.4% for 2010, and a net profit of USD146.9 million, up 25.4% from 2009. Shares in the company were up just 0.3% in trading yesterday.
World Fuel Services Corporation consolidated financial highlights:
- 3 months ended Dec-2010:
- Revenue: USD5,828.8 million, +64.4% year-on-year;
- Aviation: USD2,124.8 million, +57.1%;
- Operating costs: USD75.1 million, +29.3%;
- Income before tax: USD47.3 million, +9.7%;
- Net income: USD39.4 million, +14.2%;
- Revenue: USD5,828.8 million, +64.4% year-on-year;
- 12 months ended Dec-2010:
- Revenue: USD19,131.1 million, +69.4%;
- Aviation: USD7,132.7 million, +76.1%;
- Operating costs: USD261.3 million, +17.9%;
- Income before tax: USD177.5 million, +18.4%;
- Net income: USD146.9 million, +25.4%.
- Revenue: USD19,131.1 million, +69.4%;
Selected Others daily share price movements (% change): 24-Feb-2011
