Shanghai-listed Rizhao Port Co Ltd, a subsidiary of China Rizhao Port (Group) Co Ltd, last week said that its net profit attributable to the parent for the first quarter of this year was RMB 103 million, up 89.77% from the same period of last year, sources reported. In a statement filed with the Shanghai Stock Exchange, the company said that it realized RMB 722 million in operating revenue, 63.78% more than in the first quarter of last year. Earnings per share were RMB 0.07.
In the first quarter of this year, the company's throughput of iron ore was 34.59 million tons, up 35.1% year on year, while its coal throughout was 7.25 million tons, 56.2% more than in the same period of last year, according to the statement.
Rizhao Port is principally engaged in loading and unloading, cargo warehousing and transshipment of bulk cargos such as coal, iron ore and cement.
In the first quarter of this year, the company's throughput of iron ore was 34.59 million tons, up 35.1% year on year, while its coal throughout was 7.25 million tons, 56.2% more than in the same period of last year, according to the statement.
Rizhao Port is principally engaged in loading and unloading, cargo warehousing and transshipment of bulk cargos such as coal, iron ore and cement.