BLUE RIVER HOLDINGS LIMITED Financial Highlights of Interim Results (For the six months ended 30 September)
2015 (unaudited) | 2014 (unaudited) | Change | |
Turnover - PYI and its subsidiaries - share of associates and joint ventures | HK$262m HK$3,114m | HK$241m HK$2,118m | +9% +47% |
HK$3,376m | HK$2,359m | +43% | |
Gross profit (Loss) profit attributable to shareholders | HK$79m HK$(231)m | HK$56m HK$71m | +42% -425% |
(Loss) earnings per share | HK(5.0)¢ | HK1.6¢ | -413% |
Interim dividend per share | Nil | HK0.5¢ | -100% |
Net asset value per share | 30/9/2015 HK$0.98 | 31/3/2015 HK$1.06 | -8% |
(22 November 2015, Hong Kong) - Bulk cargo port and infrastructure group PYI Corporation Limited ('PYI', 0498.HK) announced its interim results for the six months ended 30 September 2015, with loss attributable to shareholders of HK$231 million. The Board resolved not to declare any interim dividend for this period.
Mr. Tom Lau, Chairman and Managing Director of PYI, said, 'Our network of ports and logistics continues to strengthen. Nantong Port recorded better results with steady growth in bulk cargo and container throughput. Contribution from Yichang Port declined due to drop in revenue from coal logistics services. Jiangyin Sunan managed to achieve stable performance. Jiaxing Feeder Port generated a promising result. Minsheng Gas recorded loss but had shown promising improvement. Paul Y. Engineering continued to achieve contributory results. Our property division, however, recorded a significant loss arising from provision for certain property stocks and revaluation loss for certain investment properties at Xiao Yangkou, leading to an overall loss of PYI for this period. '
Mr. Lau concluded, 'PYI is well positioned to capitalise on the new opportunities created by the Central Government's national strategies 'One Belt One Road' and 'Yangtze River Economic Belt'. PYI remains positive on the outlook of its port business in the Yangtze River region and will stay in line with such national strategies.'
For the official announcement of PYI FY2016 interim results, please click here.
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Notes to editors:Based in Hong Kong, PYI Corporation Limited focuses on ports and infrastructure development and investment, and the operation of ports and logistics facilities, in the Yangtze River region of China. It also engages in land and property development and investment in association with ports and infrastructure development. In addition, PYI provides comprehensive engineering and property-related services through Paul Y. Engineering Group Limited. For more information, please visit www.pyicorp.com.
Nantong Port is a major river port in the Yangtze Delta, one of China's category-one national ports opened to foreign trade and an important hub port of the country. It owns a shoreline of 4.2 km, a land mass of 1.6 sq km and 4 major terminals with 24 berths. The main cargoes handled by Nantong Port Group are iron ore, minerals, cement, steel, coal, fertilizers, grains and edible oil. Nantong Port provides easy access to the Yangtze region by road and waterway and is an ideal hub port for cargo trans-shipment in the Yangtze Delta Region. Nantong Port Group recorded an annual cargo throughput of about 64 million tonnes and container throughput of 550,000 TEUs in 2014. For more information, please visit www.ntport.com.cn.
Yichang Port is situated on the Yangtze River near the Three Gorges Dam in Yichang, Hubei Province. Yichang Port Group is principally engaged in transport logistics and minor properties investments, providing transportation, cargo loading and discharging, storage, shipping agent, cargo agent, port logistics and port equipment rental services and commodity trading. It consists of 54 berths with annual bulk cargo throughput of about 6.6 million tonnes and container throughput of 134,000 TEUs in financial year 2015. For more information, please visit www.ycp.com.cn.
Jiangyin Sunan Container Terminal operates the container terminal in Jiangyin Port which is the only container terminal in Jiangyin. The terminal occupies a land area of 0.49 sq km and a shoreline of 589 m long with 3 berths of 50,000 tonnes maximum capacity as well as a secondary shoreline of 1,090 m long with 8 berths for barges of 5,000 tonnes capacity each. Business scope of Jiangyin Sunan includes containers loading and discharging as well as the storage, maintenance, washing and leasing of containers. It has an annual container throughput of 459,000 TEUs in 2014. For more information, please visit www.jysct.com.cn.
Situated at Nanhu District of Jiaxing City, Jiaxing International Feeder Port occupies a shoreline of 570 m and a land mass of 326,000 sq m. Currently, the port has 10 berths with total annual throughput capacity of 200,000 TEUs. It is principally engaged in loading, discharging and storage of containers. A customs office is located in port area for efficient consignment, declaration and clearance at one stop. The port also features a range of integrated logistics supporting services such as examination, quarantine, storage and information services. It started commercial operation in the first quarter of 2015 and the annual container throughput in financial year 2015 reached 175,000 TEUs. For more information, please visit www.yfp-jx.com.
Based in Wuhan, Minsheng Gas owns and operates the largest liquefied petroleum gas (LPG) river terminal and storage-tank farm in mid-stream Yangtze. Through its mature wholesale and distribution network, it has captured a substantial share of the Wuhan LPG market for automotive consumption. Minsheng Gas established a Vehicle Conversion Research and Development Center to support the application of its research and development on the construction of LPG fueling stations, conversion of motor vehicles to LPG vehicles and gas fueling. Currently it operates 9 LPG and 5 compressed natural gas (CNG) fueling stations in Wuhan. Minsheng Gas registered an annual sale of 25,000 tonnes of LPG and 11 million cubic meters of CNG in financial year 2015. For more information, please visit www.hbmsgas.com.
Yangkou Port is a natural deep-sea harbour on Jiangsu's eastern coast that has declared soft open in October 2008. The port comprises mainly a harbour-front industrial and logistics park of 38 sq km, the 12.6 km Yellow Sea Crossing and a 3 sq km man-made island connected to 29 berths in the deep draft port district. Strategically located near the mouth of the Yangtze River, Yangkou Port is ideally situated to become one of China's largest trans-shipment hubs for dry and liquid bulk cargoes. For more information, please visit www.yangkouport.com.
Paul Y. Engineering is an international engineering and property services group, with three core business functions: management contracting, property development management and property investment in Hong Kong, Macau and the Mainland China. Paul Y. Engineering serves a wide spectrum of distinguished clients, including the government and major enterprises. For over 60 years, Paul Y. Engineering has played a significant role in shaping Hong Kong's skyline and its world-class infrastructure. For more information, please visit www.pyengineering.com.
For press enquiries: PYI Corporation Limited Miu ChanCorporate Communications Officer
+852 2831 8164
miuchan@pyicorp.com
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