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Qinhuangdao Port 9M revenue rises on increased customer settlements

By Reuters News


Overview

  • China port operator's revenue for nine months rose 1.75% yr/yr

  • Net profit attributable to shareholders for nine months up 0.42% yr/yr

  • Company cites higher customer settlements and increased port operation volume


Outlook

  • Company did not provide specific financial guidance for future quarters or the full year


Result Drivers

  • CUSTOMER SETTLEMENTS - Co said increased customer settlements of port operation fees using notes contributed to results

  • PORT OPERATION VOLUME - Co attributed changes in receivables and settlement methods to increased port operation volume

  • LOWER FINANCIAL COSTS - Co said continued reduction in borrowings and lower bank loan interest rates reduced financial costs


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

RMB 5.30 bln

9M Net Income Attributable

RMB 1.40 bln


Reuters Recommended Reads

  • Oct 27 - Guangdong Investment 9M revenue rises on water resources strength

  • Oct 27 - China's industrial profit growth picks up amid deepening economic divergence

  • Oct 28 - Greece's Costamare Q3 voyage revenue falls on lower charter rates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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