[photopress:Fu_Yuning_director_and_preseident.jpg,full,alignright]Port operator China Merchants Holdings (International) saw 2007 net profit surge 40% on increased capacity and strong container volumes.
The Hong Kong-listed company’s net profit rose to US$455 million from $325.6 million in 2006. Revenue was up 58% to $802.56 million from $507.69 million.
China Merchants has container port investments in Shenzhen, Shanghai, Hong Kong, Tianjin, Qingdao, Ningbo and Zhangzhou.
China Merchants 2007 throughput rose 17% to 47.12 million TEUs with mainland China ports handling 40.11 million TEUs, up 20% from 2006.
Earlier, Chairman Fu Yuning, seen here, said the company is planning to invest in more container terminals both in China and overseas.
Source: CargoNews Asia