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2010 October 27   13:42

Shanghai Port Q3 earnings up by 29pct YoY

It is reported that Shanghai International Port reports revenue and net profit grew 20.62%YoY and 28.53%YoY to CNY 5.01 billion and CNY 1.31 billion for an earnings per share of CNY 0.0623.
Cumulative revenue and net profit rose 16.66% and 28.53%YoY to CNY 14.07 billion and CNY 3.92 billion in the first three quarters of 2010 for EPS of CNY 0.1865.
Net operating cash flow soared 130.89%YoY mainly because the company pledged a performance bond of CNY 2.5 billion to Shanghai Tongsheng Investment Group to oversee the operations of its Yangshan Port’s No.3 terminal.

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