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HomeMaritime NewsRegionsAsiaEarnings up at Xiamen port

Earnings up at Xiamen port

Earnings up at Xiamen port
Xiamen: Xiamen International Port continues to do well with a net profit of RMB145.4m ($23m), a 44% rise from the RMB101.2m posted the year before. The port operator had earlier guided that profits would fall due to the absence of exceptional items that boosted the previous year’s profits.

However performance at the port remained good with total income from operations rising by more than half from RMB1.58bn in 2010 to RMB2.42bn last year. Operating profit was RMB199.8m compared to RMB159m the previous year.

Container throughput at Xiamen port rose 11% to 6.47m teus last year. The port aims to boost throughput to 10m teus per year during China’s 12th Five-year Plan from 2011 to 2015.

The port is expected to work closely with its neighbouring ports of Zhangzhou and Quanzhou to grow together within the region.

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