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Asia Pacific Containers Ports and Logistics

China Merchants Port profits boosted by equity disposal

Gain of $471m from selling its stake in Shenzhen Chiwan Wharf has helped the Hong Kong-listed company post a 73% surge in net profit in the first half. Recurrent profit from core business increased by 13.7% while container throughput rose 7.3%

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Management says China-US trade war has limited impact on business and the company will continue to treat overseas investments as its growth engine

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Asia Pacific Containers Ports and Logistics
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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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