The Hong Kong-listed company posted 2011 net profit attributable to equity holders of HK$5.57bn ($717.34m), declining from a profit of HK$5.88bn recorded in 2010. Revenue jumped to HK$9.47bn compared to HK$5.81bn due to increased port operations.
Looking ahead, China Merchants expects to see port volume growth rate higher than that delivered by the global port industry. Last year, it handled a total container throughput of 57.29m teu, an increase of 9.6% year-on-year.
“2012 will be a year for the group to accelerate market deployment and gain market shares for its cold chain logistics service business in China,” China Merchants said in a statement.
China Merchants' port operations are primarily located in mainland China with homebase ports in western Shenzhen.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
