Shanghai-listed Dalian port recorded profit of CNY286.1 million (USD44.71 million) for the first half of 2015, up 0.6% from its profit of CNY284.4 million a year ago.
The port’s revenue was at CNY4.1 billion for the same period, up 24.25% year on year (y/y), while its total assets amounted to CNY28.4 billion, an increase of 2.1% y/y.
It handled 25.13 million tonnes oil products in the first half of 2015, up 9.6% y/y, including 14.93 million tonnes of crude oil.
Dalian port’s container throughput was at 5 million teu during the same period, down 0.2% y/y, while its vehicle throughput increased 1% y/y to 227,136 vehicles.
The port’s iron ore and general cargo throughput declined 8.4% and 8.8 % y/y to 8.8 million tonnes and 14.7 million tonnes, respectively. Its grain volume also slumped 41.6% y/y to 1.89 million tonnes.
Dalian port attributed its profit growth to increased oil and container volume, as well as financial investment. However, the port stated that reduced bulk cargo throughput of iron ore and grain has slowed the company’s profit growth.
This post was sourced from IHS Maritime 360: View the original article here.