The Santos Port Authority (SPA) demonstrated progress in all financial indicators of productivity in the second quarter compared to the same period last year. Recurring operational expenses accounted for 24.2% of net sales in the quarter, a 3.3 percentage point (p.p.) increase over the same period in 2021. General & administrative expenditures, excluding non-recurring events, were 8.6% of revenues in the second quarter, a 0.6 percentage point improvement over April-June 2021.The increase in net revenue reflected the good cargo throughput, which grew 2.3% compared to the second quarter of 2021, reaching 42 million tonnes, in addition to contractual readjustments in leasing contracts and the constant search for efficiency in the optimized allocation of port areas for transitional contracts and new leases.
Source: Datamar News