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Shenzhen Yan Tian Port expects 2011 profit to hit RMB 429 mln

Feb. 8, 2012 (China Knowledge) - Shenzhen Yan Tian Port Holdings Co Ltd<000088>, which operates the business of cargo loading and unloading, said yesterday that it expected its net profit grow 4.53% year on year to RMB 429 million in 2011.

The company said in a statement filed with the Shenzhen Stock Exchange that earnings per share were estimated at RMB 0.29 last year.

Shenzhen Yan Tian Port attributed the increase in net profit to RMB 87.06 million of gains from the stake sale of a tunnel company as well as an investment income of RMB 17.89 million from SDIC Caofeidian Port Co.

The firm's unaudited net profit fell 13.33% year on year to RMB 361 million last year.

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