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Investment gains boost SIPG’s profits

Gains from investment in affiliates and joint ventures grew 22.3% to Yuan2.4bn, of which the largest amount was expected to be contributed by Bank of Shanghai and the Postal Savings Bank of China. But cargo throughput in Shanghai declined 1.9% to 272m tonnes

31 Jul 2019
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Cichen Shen cichen.shen@informa.com

Net profit for the port operator jumped more than 29% year on year to $635m for the first half of 2019

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Investment gains boost SIPG’s profits

Gains from investment in affiliates and joint ventures grew 22.3% to Yuan2.4bn, of which the largest amount was expected to be contributed by Bank of Shanghai and the Postal Savings Bank of China. But cargo throughput in Shanghai declined 1.9% to 272m tonnes

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