China Merchants Port : 2020 Interim Results Presentation for Media Press Conference
August 28, 2020 at 04:22 am EDT
Share
2020 Interim Results Press Conference
28thAugust,2020
Performance Highlights
Business Analysis
Operation Overview
Outlook
Q&A
Performance Highlights - P&L and Dividend Payout
Items
1H 2020
1H 2019
Y-o-Y Change
Container throughput (million TEUs)
54.87
54.56
0.6%
Bulk cargo throughput (million Tonnes)
199
223
-10.9%
HK$'million
HK$'million
Revenue
4,077
4,464
-8.7%
Revenue derived from ports operation
3,786
4,145
-8.7%
Profit attributable to equity holders of the Company
1,546
6,529
-76.3%
Derived from ports operation
2,265
7,067
-67.9%
Recurrent profit
1,409
2,045
-31.1%
Derived from ports operation
2,214
2,651
-16.5%
Basic EPS (HK cents)
44.83
196.07
-77.1%
Interim dividend per ordinary share (HK cents)
18.00
22.00
-18.2%
Performance Highlights - Financial Position
Total assets of the Group increased by HK$2,723 million, mainly attributed to the subscription of mandatory convertible bonds issued by, and provision of loan to, an associate.
Net gearing ratio was 41.5%, within healthy acceptable range.
Items
30 June 2020
31 Dec 2019
Change
HK$'million
HK$'million
Total assets
151,805
149,082
1.8%
Net assets attributable to equity holders of the
76,473
79,783
-4.1%
company
NAV per share (HK$)
22.17
23.13
-4.2%
Interest-bearing debts1
44,527
39,416
13.0%
Cash and bank balances
6,626
7,800
-15.1%
Net interest-bearing debts
37,901
31,616
19.9%
Net gearing ratio2
41.5%
33.6%
Up 7.9 ppts
Notes: 1. Interest-bearing debts include bank loans, listed notes and loans from China Merchants Group,and loan from a non-controlling equity holder of a subsidiary 2. Net gearing ratio is calculated as period-end net debt divided by period-end net assets
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
China Merchants Port Holdings Co. Ltd. published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 08:22:07 UTC
China Merchants Port Holdings Company Limited, formerly China Merchants Holdings (International) Company Limited, is a Hong Kong-based investment holding company principally engaged in port-related businesses. The Company operates through four segments. Ports Operation segment is engaged in container terminal operation, as well as bulk and general cargo terminal operation. Bonded Logistics and Cold Chain Operations segment is engaged in logistics park operation, ports transportation, cold storage and logistics operation and airport cargo handling. Port-related Manufacturing segment is engaged in the manufacture of containers. Other Operations segment is engaged in property development and investment, the construction of modular houses and corporate function businesses.