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Ningbo Port's H1 profit up 23.7%

Aug. 31, 2012 (China Knowledge) – Ningbo Port Co<601018>, the operator of the country's second-largest port by throughput, has announced its net profit attributable to shareholders increased 23.72% YoY to RMB 1.53 billion in the first half of this year.

Basic earnings per share were RMB 0.12, 20% or RMB 0.02 more than it booked in the corresponding period of last year.

According to a statement filed with Shanghai Stock Exchange, operation revenue for the six months period was RMB 3.85 billion, reflecting a YoY increase of 15.51%.

In the first half of this year, company saw its cargo throughput increase 19% YoY to 220 million metric tons, which accounted for 52% of its annual target. Meanwhile its container throughput grew 13.1% to 8.32 million TEUs in the period.

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