18 April 2013

[180413.EN.SEA] Sinotrans Profit Up 1pc To US$104.3 Million As Revenues Rise 8.5pc


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

Tidak ada komentar:

Posting Komentar