Shanghai port Q1 profit off 18.9pc to US$188 million, revenues fall 4.3pc
SHANGHAI International Port (Group) Co (SIPG), the operator of the Port of Shanghai port, suffered a 18.9 per cent year-on-year first quarter profit decline to CNY1.22 billion (US$188.51 million) drawn on revenues of CNY7.11 billion, which fell 4.3 per cent.
From January to March this year, Shanghai port handed a total throughput of 8.54 million TEU, down 1.5 per cent from 8.67 million TEU in the previous corresponding period.
SHANGHAI International Port (Group) Co (SIPG), the operator of the Port of Shanghai port, suffered a 18.9 per cent year-on-year first quarter profit decline to CNY1.22 billion (US$188.51 million) drawn on revenues of CNY7.11 billion, which fell 4.3 per cent.
From January to March this year, Shanghai port handed a total throughput of 8.54 million TEU, down 1.5 per cent from 8.67 million TEU in the previous corresponding period.