China Merchants Group (CMG) announced on Tuesday that its 2007 net profit by 35.5 billion Hong Kong dollars, 39.6 percent higher than 2.54 billion HK dollars of 2006. The earnings of per share in 2007 is 1.495 HK dollars, increased 36.6 percent than 1.0943 HK dollars of 2006.
Besides, CMG reported that its core port operations earned EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) 5.17 billion HK dollars, 77.2 percent of Group's total EBITDA and is 44.6 percent higher than that of 2006.
The firm, headquartered in Hong Kong, is a national industrial and commercial enterprises of China. CMG restructured in recent years to focus on port operations. The Group's annual dividend of per share in 2007 is 0.65 HK dollars (including interim dividend of 0.2 HK dollars), in 2006 is 0.53 HK dollars.