China Merchants Port posts coronavirus hit in first quarter
The profit decline largely comes from non-operating events, the company says, including lower fair value gains from the financial assets held by the port group. Some of these assets comprise the shares of large listed Chinese port operators, whose value has been weighed down by the virus-led economic shock wave
As of March 20, the company’s year-to-date container throughput has dropped 5.6% versus the year-ago period
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