Port operator China Merchants Holdings (International) Co saw 2007 net profit surge 40 percent on increased capacity and strong container volumes.
The Hong Kong-listed company’s net profit rose to US$455 million from $325.6 million in 2006. Revenue was up 58 percent to $802.56 million from $507.69 million.
China Merchants has container port investments in Shenzhen, Shanghai, Hong Kong, Tianjin, Qingdao, Ningbo and Zhangzhou.
China Merchants 2007 throughput rose 17 percent to 47.12 million TEUs with mainland China ports handling 40.11 million TEUs, up 20 percent from 2006
The Hong Kong-listed company’s net profit rose to US$455 million from $325.6 million in 2006. Revenue was up 58 percent to $802.56 million from $507.69 million.
China Merchants has container port investments in Shenzhen, Shanghai, Hong Kong, Tianjin, Qingdao, Ningbo and Zhangzhou.
China Merchants 2007 throughput rose 17 percent to 47.12 million TEUs with mainland China ports handling 40.11 million TEUs, up 20 percent from 2006