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Sinotrans sees 4.2% growth in 2011 net profit

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 .

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