Hong Kong: Hutchison Port Holdings has declared a 12% increase in profit at its ports due to a strong rise in cargo volumes, Bloomberg reports. The subsidiary of the Hutchison Whampoa group declared pre tax earnings of HK$11.4 bn ($1.5bn) for 2006, as compared to HK$10.2 the previous year. The terminal operator handled an impressive 59.3m containers last year, 15% more than in 2005, particularly bolstered by increased Chinese exports from Shanghai and Yantian. Hutchison Port operates 257 berths in 45 ports in 23 countries. [23/03/07]
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