SITC International (01308) said its profit attributable to shareholders for the year ended 31 December 2016 dropped 14.3% year-on-year to US$123 million.
Basic and diluted earnings per share were US4.7 cents and US4.69 cents.
The revenue was US$1,216 million, a decrease of 5.6% from a year earlier, which was primarily attributable to the decrease in container shipping freight rate and freight forwarding rate in both of the sea freight logistics and land-based logistics businesses.
Gross profit increased 7.5% to US$199.5 million, which translated to an increase in gross profit margin to 16.4% from 14.4% for 2015.
The proposed final dividend is HK16 cents (2015: HK16 cents) per share, payable on 31 May 2017.
24/03/2017 16:45
SITC (01308) year net down 14.3% to US$123m; div HK16 cts
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