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Rizhao Port improves first quarter earnings

Author: Posttime:2017-04-19 08:38:47

China’s Rizhao Port Co has recorded improved first quarter results compared to the year-ago period, boosted by higher cargo volumes.

Shanghai-listed Rizhao Port registered a net profit of RMB107.33m ($15.6m) for the three months ended 31 March 2017, an increase of 34.8% compared to the gain of RMB79.6m in the same period of 2016.
Revenue for the first quarter came up to RMB1.16bn, a climb of 5.7% year-on-year.
Rizhao Port, the main operator of the northeastern port of Rizhao in Shandong province, handled 56.56m dwt of cargoes during the first three months, up 10% year-on-year.
In 2016, the port of Rizhao was the 14th busiest container port in China, handling approximately 3m teu of throughput, up 5% compared to 2.8m teu in 2015.
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