The China Merchants Port Holdings Company Limited (CMPort) has announced double-digit growth in the container volumes both for home and abroad terminals, while it expects a profit surge of 170% during the first half of the year.
Firstly, CMPort saw a container throughput total increase of 21.3%, in comparison to the last year’s corresponding period, by handling more than 66 million TEU until June.
In particular, container traffic increased by 17% in Mainland China, Hong Kong, and Taiwan, while it rose by 36.4% overseas year-on-year. Additionally, CMPort’s container throughput has been significantly increased in West Shenzhen Homebase Port (WSZ) and TCP Participações S.A. in Brazil.
This container volume growth is expected to be the main driver of the significant rise of the group’s profits, marking a record increase of 170% in the first half of 2021, compared to the same period of the previous year.
Expected significant increase in sharing of profits from associate companies and expected gain on deemed disposal from the merger of Liaoning Port Co., Ltd have also played a positive role in the profits soar.
