Singapore - Singapore port operator PSA International Ltd on Saturday reported a drop in net profit for a second consecutive year 2009 as the port and shipping industries were hit hard by the global recession.Net profit for 2009 fell 6.1 per cent year-on-year to 976 million Singapore dollars (697 million US dollars), down from 1.04 billion Singapore dollars a year ago, PSA said in a statement. Full Story
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