For the three months ended 30 September 2015, profit attributable to equity holders of the Company decreased by 14.3% to US$74,470,000 (three months ended 30 September 2014: US$86,943,000), and for the nine months ended 30 September 2015, profit attributable to equity holders of the Company increased by 2.2% to US$238,902,000, respectively (nine months ended 30 September 2014: US$233,729,000).
For the first three quarters of 2015, the Group’s container throughput and profit growth of terminals business decelerated in the view of slower global economic growth and negative growth in China’s exports and imports. For the three months and nine months ended 30 September 2015, total throughput rose 0.3% to 17,651,269 TEU and 2.8% to 51,483,104 TEU respectively (three months and nine months ended 30 September 2014: 17,605,389 TEU and 50,086,956 TEU respectively). Equity throughput dropped 0.9% to 4,918,354 TEU and rose 0.9% to 14,381,070 TEU respectively (three months and nine months ended 30 September 2014: 4,960,519 TEU and 14,245,915 TEU respectively).
For the first three quarters of 2015, competition in container leasing industry remained fierce, the leasing rates and the resale prices continued their weakness, in addition to declined number of disposed returned containers, the profit from the Group’s container leasing, management and sale businesses dropped as compared with the corresponding period last year. For the three months and nine months ended 30 September 2015, the overall average utilisation rate were 95.0% and 95.3% respectively (three months and nine months ended 30 September 2014: 95.7% and 95.1% respectively). As at 30 September 2015, the Group’s container fleet rose 2.4% to 1,964,954 TEU (30 September 2014: 1,919,310 TEU).
Terminals
Impacted by slower global economic growth and negative growth in China’s exports and imports, the Group’s container throughput in the first three quarters was weaker than expected earlier this year. The growth in profits from terminals business decelerated in the view of slower container throughput growth as compared to the corresponding period last year.
For the three months and nine months ended 30 September 2015, the total container throughput of the Group’s terminals business rose 0.3% to 17,651,269 TEU and 2.8% to 51,483,104 TEU respectively (three months and nine months ended 30 September 2014: 17,605,389 TEU and 50,086,956 TEU respectively).
The Group’s terminal companies in mainland China (excluding Hong Kong and Taiwan) handled a total of 14,148,777 TEU and 41,027,253 TEU respectively (three months and nine months ended 30 September 2014: 14,020,710 TEU and 40,066,954 TEU respectively), an increase of 0.9% and 2.4% respectively.
The throughput of overseas terminals dropped 2.7% to 2,379,900 TEU and rose 2.2% to 7,169,178 TEU respectively (three months and nine months ended 30 September 2014: 2,446,682 TEU and 7,017,876 TEU respectively).
The Group’s equity throughput decreased by 0.9% to 4,918,354 TEU and increased by 0.9% to 14,381,070 TEU respectively (three months and nine months ended 30 September 2014: 4,960,519 TEU and 14,245,915 TEU respectively).
Source: Hellenic Shippings News
Source: Hellenic Shippings News