Goldenport Holdings Inc reported a 29 pct increase in its full-year net income on a 37.7 pct rise in revenue and said it remains confident on the demand outlook of the container and dry-bulk markets for 2008.

The company posted net income of 58.3 mln usd for the year to Dec 31 2007 from 45.2 mln a year earlier. Revenues rose to 124.9 mln usd from 90.7 mln in the same comparison.

Goldenport Holdings raised its final dividend to 15 pence per share from 11.9 pence last year, taking the total dividend payout to 22 pence, up from previous year's 17.5 pence per share.

The company reported a 40.3 pct increase in its EBITDA to 77.0 mln usd from last year's 54.9 mln.

Financial Highlights:

* Revenue of US$ 124.9m, +37.7% increase (2006: US$ 90.7m)
* EBITDA of US$ 77.0m, +40.3% increase (2006: US$ 54.9m)
* EBIT of US$ 59.4m, +42.4% increase (2006: US$ 41.7m)
* Net income of US$ 58.3m, +29.0% increase (2006: US$ 45.2m)
* Earnings per Share basic of US$ 0.83 calculated on 69,885,106 shares
(2006: US$ 0.72 calculated on 62,533,312 shares)
* Final dividend of 15 pence per share (2006: 11.9 pence per share)
* Total dividend of 22 pence per share (2006: 17.5 pence)
* In total US$ 198.3m was invested in vessels, second hand, under
reconstruction and new build (2006: US$ 81.1m), supporting the profitability
of 2007 and enhancing the earning potential of the company for the longer
term

Operational Highlights:

* During 2007 we operated an average of 20 vessels earning a daily Time
Charter Equivalent (TCE) rate of $ 16,578, (2006: 18 vessels earning a daily
TCE rate of $ 13,243)
* The container vessels 'MSC Scotland' and 'Vasos' operated for the full
2007 and the container vessels 'MSC Finland', 'Anafi', 'MSC Accra', '
Bosporus Bridge', 'Gitte' and 'MOL Brilliant' contributed in part
* On December 31, 2007 our fleet included 24 operational vessels, 1 vessel
under reconstruction with delivery in 2008 and 8 new-build vessels with
expected delivery between 2008 and 2011, compared to 19 operational vessels
on December 31, 2006 and 1 vessel under reconstruction.
* The reconstruction of the fire damaged container vessel 'Fortune' is at
the final stage and is expected to contribute to the 2008 profitability