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Mark Hart says the west is growing, expects better times for Cargo Handlers


Cargo Handlers Limited is looking to expand its fuel transport, logistics business and stevedoring services as the west continues to see economic growth, Mark Hart, CEO of Cargo Handlers, said last week.

The chief lines of business of the company — which listed on the Junior Stock Exchange in December 2010 — are stevedoring, equipment leasing and management services.

At year end September 2015, Cargo Handlers reported net profit of $135.92 million, 3.2 per cent up on 2014 when earnings were $131.72 million.

Revenues increased by $17 million year over year, but operating expenses also climbed by $12 million.

Published in the Observer
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