Shanghai International Port Group's net profit fell in the first quarter of this year, battered by a decline in global trade, the Shanghai Daily reported.
Its net income for the first three months dropped 27.8 percent to US$107.5 million, its revenue totalled $539 million.
The company handled a total of 5.56 million TEUs, a decline of 15 percent from the same period last year.
It attributed the drop in container turnover and dry bulk goods on lower foreign trade volume which has hurt its earnings. |
