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Transportation: Port profitable

(Shanghai Daily)
Updated: 2007-01-23 14:39

Shanghai International Port (Group) Co, operator of China's busiest container port, turned a profit of 2.95 billion yuan (US$379 million) in 2006, the company told the Shanghai Stock Exchange in a preliminary statement yesterday.

Revenue was 12.6 billion yuan, while per-share earnings were 0.14 yuan last year. The company issued 2.42 billion A-shares in a public offering to buy out its listed unit, Shanghai Port Container Co. It then listed as a group. So comparative financial data in 2005 was unavailable, the company said.


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