March was a banner month for the Port of Palm Beach, which had a net income of $555,780 as sugar and other major exports increased by more than 50 percent.
The port’s budgeted total annual income for fiscal year 2016 is $1,085,000, meaning the March income makes up 51.2 percent of the total budgeted income. That’s a 354 percent year-over-year increase, port officials said.
Port of Palm Beach March 2016 Earnings Equal Half Annual Budgeted Profit
Port of Palm Beach released its March 2016 financial statements on Thursday, April 21, 2016, detailing an income for the month of March that comprises more than half the port’s annual budgeted profit.