SIPG's net profit in the first three quarters exceeded 10 billion

On October 31, Shanghai International Port (Group) released its third-quarter report. SIPG achieved total operating income of 26.237 billion in the first three quarters of 2021, a year-on-year increase of 36.55%.
 
The net profit attributable to the parent company was 11.742 billion, a year-on-year increase of 95.39%; Earnings per share were RMB 0.51, a year-on-year increase of 95.41%. Among them, the operating income in the third quarter was 8.875 billion yuan, a year-on-year increase of 23.67%; Net profit was 3.025 billion yuan, a year-on-year increase of 39.32%.

The increase in net profit in the first three quarters was mainly due to the substantial year-on-year increase in container throughput at the home port.
 
Below is a chart of the total operating income and net profit attributable to the parent company of SIPG over the years:

Source: Sarah Yu, XINDE MARINE NEWS
 

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.