Qinhuangdao Port nine-month profit spikes as economy recoversQinhuangdao Port nine-month profit spikes as economy recovers
The recovering economy also revenue rises and a huge spike in net profit for northern China commodities-focussed port group Qinhuangdao Port in the first nine moths, with profit rising more than fivefold to RMB857.3m ($129m) from RMB155.6m previously on a 54% rise in revenue to RMB5.23bn.

The good results were "all mainly due to the increase in revenue as a result of the combined effect of the stabilizing and recovering macro economy, the increase in transport volume of Datong-Qinhuangdao Railway, the rationalized competition from surrounding ports and the resumed coal operating rate", Qinhuangdao Port said in a stock market announcement.
The group typically does not disclose throughput data in its quarterly updates but forecasted a higher full-year profit for 2017.
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