SIPG profits jump 43%

Shanghai: Shanghai International Port Group (SIPG) reported a 43% jump in full year profits. Shanghai Stock exchange-listed SIPG reported an RMB5.4bn profit for 2010 up 43.6% on the RMB3.76bn profit it made in the previous year. Cargo throughput at the port jumped to 428m tonnes last year from 365m tonnes in the previous year. Shanghai overtook Singapore last year to become the world's largest container port handling 29.05m teu. [11/01/11]