P&O has reported a strong set of results for 2003 with a 58% rise in underlying profit, due mainly to booming traffic through its terminals as well as better container rates, but ferries continue to pose a problem.
The London-quoted group turned in a pretax profit of £80m ($146.5m) compared with a loss of £135.7m in 2002, despite a fall in turnover from £2.7bn
