Matson's profits for the second quarter came in higher amid improved revenue across both sides of the Hawaii-based business.

The Matt Cox-led company posted net profit of $32.6m versus net profit of $24m during the same period last year.

Earnings per share (EPS) were $0.76 versus $0.55, beating Wall Street consensus of $0.67.

Revenue totaled $557m, up from $513m a year ago.