Shanghai Port posts weaker first-half profit
Shanghai International Port Group, operator of the world’s busiest port, has reported an 11.6% year-on-year fall in its first-half net profit to Yuan2.7bn ($425.3m), reflecting slower growth in throughput and nonrecurring year-ago gains.
According to its interim report, the company handled 15.9m teu in January-June, representing a 3.6% increase year on year, down from a year-ago growth rate of 10.5%.
“The company’s first-half results were in line with our expectations,” Shenyin...
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