TPD bullish over 2010
Tianjin Port Development claims it will make a profit this year, despite racking up a $6.1m net loss in 2009. This compares with a net profit of $16.8m the previous year.
TPD, in part, blames the reduced performance on having to handle more empty containers and those aimed at the domestic market, which generate less revenue than international boxes.
The company also had additional expenses of $8.4m as part of its $1.4bn acquisition of a stake in Tianjin Port Company.
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