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%
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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