Chongqing Gangjiu profits down 7.4%

Hui Ching-hoo - Tuesday 9 February 2010

FALLING container throughput led to a 7.4% decline in net profit to Yuan27.5m ($4m) last year at Yangtze River inland port operator Chongqing Gangjiu, writes Hui-Ching Hoo in Hong Kong.

The Shanghai-listed company said the port’s container throughput slumped 18.6% to 354,000 teu last year. Volumes fell short of its original target of 480,00...