The Chinese port operator recorded a first quarter profit of RMB1.22bn ($188.51m), a decrease of 18.9% from RMB1.5bn in the same period of last year.
The quarterly revenue for SIPG also dropped by 4.3% year-on-year to RMB7.11bn on lower container throughput.
From January to March this year, Shanghai port handed a total throughput of 8.54m teu, down 1.5% from 8.67m teu in the previous corresponding period.
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