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Shanghai International Port expects 2011 profit to fall 13.64%

Jan. 9, 2012 (China Knowledge) - Shanghai International Port Group Co<600018>, China's largest port operator, said on Friday that it expected its net profit to drop 13.64% year on year to RMB 4.68 billion in 2011.

The company said in a statement filed with the Shanghai Stock Exchange that its basic earnings per share were RMB 0.21 last year, down from RMB 0.26 in 2010.

The company's operating revenue was estimated at RMB 21.64 billion in 2011, up from 19.11 billion in the previous two years.

Shanghai International Port saw its cargo throughput rise about 13% to 484 million metric tons last year from 428 million metric tons in 2010 and its container throughput grow more than 9% year on year to 31.74 million twenty-foot equivalent units.

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