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SIPG interim profits up 52%

SIPG interim profits up 52%

Shanghai: Shanghai International Port Group, operator of China's number one port, saw profits jump 52% in the first half. SIPG said in statement to the Shanghai Stock Exchange on Saturday that net profits hit 2.6bn yuan in the first six months. In the first half SIPG handled 13.86m teu, up 18.8% year-on-year and a total of 211.5m tons of cargo, up 24.8%. Analysts are expecting such growth rates to fall in the second half to the 13 to 15% range.  [23/08/10]

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