Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
The Honolulu-based ocean cargo transportation firm July 31 reported earning $24 million in the April-June period, up from $18 million in the same quarter last year.
Revenue rose 10% to $512.5 million from $467.7 million in the same period.
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