Windsor chairman David Low told the company's AGM that 2003 had been a successful year for the company, with pretax profits increasing by 24% to £4.04m
Following the strong results, Low said the board had recommended a final dividend of 1.45 pence per share.
In his statement, Low said capacity remained a central issue, although compared with the turmoil of the previous year, the absence of any major catastrophes had significantly eased market conditions.
Low said Windsor had reached agreement on a full and final settlement of its dispute with the Kenya Ports Authority and Kenya Ferry Services for business placed between 1994 and 1998, which was announced on 20 January 2004.
For 2004, Low said the company intended to continue with its strategy of targeting under-served sectors and clients.
