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Tianjin Port's net profit down 31.65% in 2009
Published on: 2010-04-09
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Apr. 9, 2010 (China Knowledge) - Tianjin Port Co Ltd, a China-based port operator, announced Wednesday that its net profit for last year plunged 31.65% year on year to RMB 643 million due to a decline in dry bulk throughput and a lower gross profit margin.

Earnings per share were RMB 0.38, down 33.33% year on year, according to the firm's annual report.

The company's operating revenue last year fell 13.22% year on year to RMB 9.78 billion.

Tianjin Port's dry bulk throughput dropped 5% from the previous year to 196 million tons in 2009, while its container throughput grew 8.66% to 4.47 million twenty-foot equivalent units.

The company predicted that its dry bulk throughput will grow 3% and its container throughput will grow 10% this year as the global economy continues to recover.

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