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PYI positive about Yangtze port prospects

27 November 2013
The Hong Kong-based bulk cargo port and infrastructure group PYI reported a mixed performance from its Yangtze port investments in the six months ending 30 September 2013.

Tom Lau, chairman and managing director of the company, said the Jiangsu port of Nantong recorded improved results on little throughput growth, while contributions from Yichang port in the central province of Hubei declined due to lower coal and mineral bulk shipments. Jiangyin Sunan, also in Jiangsu province, managed to achieve a stable performance due to the growth in its container throughput.

Mr Lau said: “Despite the global economic and financial uncertainties and the slow GDP growth of China, PYI remains positive on the outlook of its port business in the Yangtze River region.”

     
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