Shanghai International Port (Group), the largest port operator in China, booked a net profit of US$150.9 million in the fourth quarter of last year, up 48 percent from a year earlier, China Knowledge Press reported.
Shanghai International Port realised a net profit of $550.7 million last year, down 18.6 percent year-on-year, with turnover falling 8.79 percent to $2.4 billion.
The company said that its outlook for this year is likely to be better than that of last year thanks to the improved prospects for global trade. However, the recovery of overseas economies, especially the US and the EU, are still unstable. In January, Shanghai International Port approved plans to raise $322.2 million by issuing three-month financing products.
Shanghai International Port realised a net profit of $550.7 million last year, down 18.6 percent year-on-year, with turnover falling 8.79 percent to $2.4 billion.
The company said that its outlook for this year is likely to be better than that of last year thanks to the improved prospects for global trade. However, the recovery of overseas economies, especially the US and the EU, are still unstable. In January, Shanghai International Port approved plans to raise $322.2 million by issuing three-month financing products.