December 02, 2008

China Merchants 2007 net profit surges by 40% YoY

It is reported that the Hong Kong listed company’s China Merchants Holdings net profit rose to USD 455 million from USD 325.6 million in 2006. Revenue was up by 58% to USD 802.56 million from USD 507.69 million.

China Merchants 2007 throughput rose by 17% YoY to 47.12 million TEUs with mainland China ports handling 40.11 million TEUs up by 20% from 2006

China Merchants has container port investments in Shenzhen, Shanghai, Hong Kong, Tianjin, Qingdao, Ningbo and Zhangzhou.