Forth Ports has grown operating profits by 6% against a tough backdrop in its first year under private ownership, though almost half its £53 million profit was paid out to bankers and advisers in exceptional costs of leaving the stock market.
Forth Ports has grown operating profits by 6% against a tough backdrop in its first year under private ownership, though almost half its £53 million profit was paid out to bankers and advisers in exceptional costs of leaving the stock market.
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SIMON BAIN
The Edinburgh-headquartered business, with seven ports on the Forth and Tay estuaries and the huge Port of Tilbury in Essex, was acquired in June 2011 by Arcus European Infrastructure Fund, which has subsequently sold a 37% stake to a Canadian pension fund.
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