Mar. 22, 2012 (China Knowledge) - Sinotrans Ltd<0598
>, China's leading logistics service provider, said yesterday that its net profit climbed 4.2% year on year to RMB 642.51 million last year as an increase in throughput offset a decline in freight charges.
The Hong Kong-listed
company saw its revenue rise 2.8% year on year to RMB 43.75 billion in 2011.
Sinotrans, a subsidiary of state-owned China National Foreign Trade Transportation (Group) Co, proposed a final dividend of RMB 0.01 per share, down from RMB 0.02 for 2010.
Sinotrans Air Transportation Development Co Ltd, which is 63.46% owned by Sinotrans, has said that its net profit grew 1.4% year on year to RMB 452 million and its revenue rose 14.5% to RMB 3.89 billion last year .