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Shanghai Port Group profit falls 3pc, but throughput up 3.5pc in 2015

Time：2016-04-01 Browse：142 Author：RISINGSUN

SHANGHAI International Port (Group) Co (SIPG) box volume was up 3.5 per cent year on year in 2015 to 36.54 million TEU, making Shanghai the world`s busiest container port, though, net profit dropped three per cent to CNY6.56 billion (US$1.01 billion).

In the first two months of this year, Shanghai port handled 5.53 million TEU, down 3.5 per cent year on year, reported Seatrade Maritime News.

But the Chinese port operator recorded a 2.5 per cent increase in annual revenue to CNY29.51 billion last year, mainly due to the higher box throughput, even as China`s economic growth slows down.