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Dalian Port profit hits RMB 611.4m

Shanghai: Chinese port operator Dalian Port a Hong Kong-listed unit of Dalian Port Corp, said on Friday its 2007 net profit shrank 3.2% from the previous year to RMB 611.4m, with every share winning RMB 0.21, reports China Knowledge.

The company posted a net profit of RMB 631.6m in 2006, buoyed by RMB 141.9m interest income derived from its global offering completed in 2006, said the company in a filing with the Hong Kong Stock Exchange. Exclusive the gains, Dalian Port would have seen a 16.9% year-on-year increase in net profit.

Operating revenue for the same period surged 35% year-on-year to RMB 1.57bn, as the world's fast-growing major economy in 2007 spurred a foreign trade boom. The port operator has an 11-berth Dalian Container Terminal and Dalian Oil Products Terminal.  [21/04/08]

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