China’s Dalian Port net profit down7.5% in H1 on lower oil throughput

摘要

Singapore — Chinese port operator Dalian Port Companyposted a net profit of Yuan 372 million ($58.1 million) inthe first half of 2011, down by 7.5% from Yuan 402 millionin the same period a year ago, according to its financialstatement released Wednesday. This decrease was largely dueto lower oil throughputs and oil handling gross margins.Total revenue in H1 2011 was Yuan 1.7 billion, up 7.4%from Yuan 1.6 billion a year earlier. As of June 30, 2011, thecompany had utilized 56.1% of Yuan 2.8 billion netproceeds of the public offering of ‘A’ shares in 2010 andcompleted the construction of phase II of the Shatuozi oilstorage tank project at Xingang Shatuozi, an LNG project,purchase of gantry for an ore terminal and purchase of 300bulk grain carriages.