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Rizhao port's profit up 0.74% in Q3

Oct. 24, 2012 (China Knowledge) - Shanghai-listed Rizhao Port Co Ltd<600017>, a subsidiary of China Rizhao Port (Group) Co Ltd, has said its net profit for the third quarter of this year edge up 0.74% YoY to RMB 197 million.

Basic earnings per share for the period were RMB 0.06.

In a statement, the company said its operation revenue for three-month period grow 10.19% YoY to RMB 1.2 billion.

From January to September, Rizhao Port saw its operation revenue totalled RMB 3.64 billion, reflecting a YoY increase of 12.21%, while its net profit for the period was RMB 580 million, up 10.83% YoY.

In the first nine months of this year, Rizhao Port's cargo throughput rose 10% YoY to 168 million metric tons.

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