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Ningbo Port expects 2011 profit to rise 12.85%

Jan. 17, 2012 (China Knowledge) - Ningbo Port Co<601018>, the operator of the country's second-biggest port by throughput, said yesterday that it expected its net profit to grow 12.85% year on year to RMB 2.48 billion in 2011.

The company said in a statement that its earnings per share were estimated at RMB 0.19 last year.

Ningbo Port saw its unaudited operating revenue grow 17.8% year on year to RMB 7.07 billion in 2011.

The company said earlier that its cargo throughput was expected to reach 385 million metric tons in 2011, 19.2% more than that in the previous year and container throughput to rise 13.7% year on year to 15.22 million twenty-foot equivalent units.

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