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Shanghai Int'l Port's cargo throughput down 6.56% in Jul

Aug. 10, 2012 (China Knowledge) - Shanghai International Port Group Co<600018>, China's largest port operator, announced that its cargo throughput reached 42.34 million metric tons in July this year, 6.56% less than in the same month of last year, sources reported.

Last month, the company's container throughput was 2.84 million twenty-foot equivalent units (TEU), reflecting a YoY decrease of 1.83%.

In 2011, the port operator's cargo throughput rose 13.1% YoY to 484 million metric tons, while it handled 31.74 million TEUs last year, 9.2% more than a year earlier.

In the first quarter of this year, the company realized RMB 5.98 billion in total revenue, up 16.7% YoY, while its net profit for the period fell 27.4% to RMB 922.6 million, China Knowledge reported earlier.

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