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Shanghai International Port sees 9.6% drop in H1 profit

Aug. 29, 2012 (China Knowledge) - Shanghai International Port Group Co<600018>, China's largest port operator, announced yesterday that its net profit declined 9.6% YoY to RMB 2.25 billion in the first half of this year, due to slowing foreign trade amid increasing uncertainties in the global economy.

The company's revenue jumped 29% YoY to RMB 10.55 billion in the first six months.

The port operator's cargo throughput reached 251 million metric tons in the period, 6.3% more than in the same period of last year.

The company's container throughput climbed 3.6% YoY to RMB 15.87 million metric tons, and its dry bulk cargo throughput grew 4.6% to 92.09 million metric tons.

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