Sinotrans Shipping profit for 2009 hits USD 106 million

March 16, 2010

China Knowledge reported that Sinotrans Shipping Ltd profit attributable to equity holders fell 69.4%YoY to USD 106.39 million in 2009 from USD 347.13 million in 2008. Revenue plummeted 49.8%YoY to USD 229.11 million from USD 455.97 million. Operating profit was USD 86.79 million down by 69.6% from USD 285.55 million.