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Rizhao port's profit up 16.47% in H1

Jul. 31, 2012 (China Knowledge) - Shanghai-listed Rizhao Port Co Ltd<600017>, a subsidiary of China Rizhao Port (Group) Co Ltd, announced that its net profit attributable to shareholders increased 16.47% from a year earlier to RMB 384.02 million.

Basic earnings per share for the six-month period were RMB 0.13, more than RMB 0.12 it realized in the corresponding period of 2011.

In a statement filed with Shanghai Stock Exchange, the company saw its operation revenue hit RMB 2.44 billion during the period, reflecting a YoY increase of 13.23%.

From January to June, Rizhao port's cargo throughput rose 6% YoY to 111.27 million metric tons, including 17.54 million metric tons of coal and products, 3.41 million metric tons of steel and 69.9 million metric tons of metallic ore, up 12%, 12% and down 2% YoY, respectively.

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