Shenzhen's Yantian Port Holdings posted a net profit attributed to shareholders of parent company of CNY461 million (US$67.5 million) last year, falling 19.55 per cent compared to the prior year, Xinhua reported.
Revenue dropped 6.6 per cent to CNY401 million. Earnings per share was CNY0.37. Weighted average rate of return on equity was 11.73 per cent.
The company explained that the decline in profit was the result of a fall in container throughput and low profit in container handling led by downturn and the diversion of container cargo to the new Yantian phase 3 project.
Revenue dropped 6.6 per cent to CNY401 million. Earnings per share was CNY0.37. Weighted average rate of return on equity was 11.73 per cent.
The company explained that the decline in profit was the result of a fall in container throughput and low profit in container handling led by downturn and the diversion of container cargo to the new Yantian phase 3 project.