PSA International has reported a slight dip in annual profit as it succumbed to inflationary costs pressures.
The Singapore-based company said net profit for 2011 was down by some 3.7% year-on-year to SGD1.13bn ($906m).
PSA, which is controlled by the Singapore government, said revenue for the year was up by nearly 6% to SGD4.3bn.
Despite slowing global container traffic the group saw volumes increase year-on-year by 5.6%
