Greater China

SIPG first half profit drops

Shanghai: From January to June the mainland’s biggest port operator, Shanghai International Port Group (SIPG) achieved an operating revenue of RMB13.646bn, an increase of 29.33% year on year. However, net profit for the group decreased 9.52% to RMB2.253bn, according to the interim results released by SIPG.

SIPG said it was facing operational challenges throughout the first half of 2012 as a result of a decline in international trade due to a slow recovery of the global economy, along with slow growth of the domestic economy.[29/08/12]

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