OCEAN LINE PORT released its interim results, with a profit attributable to shareholders of HKD 20.49 million, a year-on-year decrease of 34.6%
OCEAN LINE PORT released its interim results for the period ending June 30, 2025, with revenue of RMB 80.368 million, a year-on-year decrease of 8.2%; profit attributable to shareholders was RMB 20.49 million, a year-on-year decrease of 34.6%. Basic earnings per share were 2.56 cents. The decrease in revenue was mainly due to a decline in cargo handling revenue, as cargo throughput decreased by approximately 1.2 million tons, affected by the slowdown of the Chinese economy. Revenue from port supporting services also decreased by approximately RMB 2.7 million due to unfavorable market conditions
According to the Zhitong Finance APP, OCEAN LINE PORT (08502) announced its performance for the six months ending June 30, 2025, with revenue of RMB 80.368 million, a year-on-year decrease of 8.2%; the profit attributable to the company's owners was RMB 20.49 million, a year-on-year decrease of 34.6%; basic earnings per share were 2.56 cents.
During the period, revenue mainly came from providing loading and unloading services and supporting port services, amounting to approximately RMB 75.1 million in the first half of 2025, a year-on-year decrease of about 5.6%. The decrease in revenue was primarily due to a reduction in cargo handling revenue, as cargo throughput decreased by approximately 1.2 million tons compared to the same period in 2024, attributed to the overall slowdown of the Chinese economy leading to a decline in demand and prices for non-metallic minerals and construction materials, as well as insufficient commodity supply. Revenue from providing supporting port services decreased by approximately RMB 2.7 million or 33.8%, mainly due to a decline in the company's logistics agency business caused by unfavorable market conditions
