Shenzhen-listed Yantian port posted profit of CNY156 million for the January-June 2015 period, a decline of 30.25% from a year ago, while its revenue was CNY120.8 million, down 12.54% from a year ago.
The company’s earnings per share also dropped 30% from CNY0.12 to CNY0.08.
Yantian port handled 5.53 million teu in the first half of 2015, up 6.84% from a year ago, but China’s foreign trade declined 6.9% year on year, which has affected the port’s operations, stated Yantian port in its filling to Shenzhen Stock Exchange.
Yantian port’s affiliated company, Caofeidian ore port, in north China handled 45.2 million teu in the first half of the year, contributing CNY16.5 million in investment profit to Yantian port.
This post was sourced from IHS Maritime 360: View the original article here.
