China Merchants Holdings 2011 Net Profit Drops 5.2%

China Merchants Holdings (International) Co CMHHY reported a 5.2% drop in its 2011 net profit. China Merchants Holdings' net profit for the period fell to HK$5.57 billion, from HK$5.88 billion in the year-ago period. Its revenue climbed 63% to HK$9.47 billion from HK$5.81 billion. China Merchants Holdings also recommended a final dividend of HK$0.68, versus HK$0.78 in the year-ago period. China Merchants Holdings shares closed at $33.67 yesterday.