It is reported that Wuhu Port Storage and Transportation a provider of bulk cargo and international container shipping services posted a 436.33%YoY increase in 2010 net profit to CNY 19.12 million.

As per report, earnings per share were CNY 0.05 up by 400%YoY. Sales revenue rose 3,116.79%YoY to CNY 4.05 billion.

The company attributed the increases in sales revenue and net profit to the completion of asset reconstruction and to the contribution of newly acquired assets in 2010.

The company posted an 11,746.35%YoY increase in first quarter 2011 net profit to CNY 84.365 million with EPS of CNY 0.16. The increase in the net profit was due to the recognition of the net profits earned by its new subsidiaries. Sales revenue in the first quarter was CNY 5.436 billion.

(Sourced from 163.com)