DIVERSIFIED Chinese logistics giant Sinotrans has posted
a one per cent increase in net profit to CNY649 million (US$104.3 million)
drawn on revenues of CNY47.4 billion, up 8.5 per cent.
Forwarding revenue in Hong Kong-listed company's 10th
year of operation increased 8.7 per cent to CNY39.8 million in 2012, compared
to CNY36.6 million in 2011. Volume of sea freight forwarding containers was 8.2
million TEU in 2012, up 3.2 per cent on the previous year.
Revenue from marine transportation of the group in 2012
amounted to CNY4.91 billion, down 3.2 per cent in 2011. The number of
containers shipped by the group rose to 2.8 million TEU up 9.8 per cent from
2011.
Air freight tonnage conveyed by company forwarding
services stood at 417.2 million tonnes in 2012, increasing five per cent year
on year.
"The increase in revenue from forwarding services in
2012 was higher than the increase in business volume, mainly attributable to
the increase in the freight rates of container shipping market and rapid growth
of specialised logistics business," said a company statement accompanying
the results.
"In 2012, the group proactively acted upon the
adversity of external market environment, maintained steady growth of
operations and ensured the completion of full-year budget," the statement
said.
Source : HKSG
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