China Merchants Port Holdings saw 2016 net profit rise 14% to HKD5.49bn ($706.5m) on gains in both container and bulk terminal volumes.
Revenue from the group’s core ports operation rose 14% to HKD24.51bn and generated a pre-tax profit of HKD11.54bn, up 9% year-on-year China Merchants Ports said in a press release.
The group’s Mainland China ports still contributed the bulk of volumes with container throughput of 71.9m teu, an increase of 17.0% year-on-year, which was mainly driven by the additional contribution from a new equity investment in Dalian Port (PDA) Company earlier in the year.
