The state of Hawaii's largest ocean transportation company, Matson Inc., has announced strong earnings in the second quarter of 2013. The company reported a $20.1 million profit during the second quarter, more then double $7.8 million reported during the same quarter a year prior. President and CEO of Matson, Matt Cox, stated, "Hawaii continues to see high levels of visitor arrivals, which in turn drives lower unemployment. A key volume catalyst for us is construction activity. We look at the forecast uptick in permitting and hiring as positive signs moving forward. These volume gains were similar to the gains we had during the first quarter of the year, and while we are encouraged by the increase in activity in the first half, we still think it's too early to say that the Hawaii recovery is complete. Looking to the balance of the year, we continue to expect moderate volume gains for the Hawaii trade in line with general improvement in the Hawaii economy."
Source: Honolulu Star Advertiser, 8-8-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
