China Merchants Port Holdings (CM Port) recorded a decrease in throughput at three of its container terminals, despite overall throughput having risen 6.0% year-on-year in 2018 and net profit up by 20.2%.
West Shenzhen suffered a 4.4% decrease to 1.06m teu due to the disposal of equity interest of Shenzhen Chiwan in June 2018 and the upgrade and renovation project in Haixing Port.
If the effect from Shenzhen Chiwan was taken off, the organic growth in West Shenzhen increased by 2.1% year-on-year.
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