China Merchants Shipping sees H1 net profit up over 80 pct year-on-year
China Merchants Energy Shipping Co Ltd said first half net profit is expected to have risen by over 80 pct year-on-year.
In a statement filed with the Shanghai Stock Exchange, the company said that the sharp profit increase is due to rising freight charges, the sale of two ships and lower operating costs.
The company reported net profit of 470.03 mln yuan in the first half of 2007 under Chinese accounting standards, with earnings per share of 0.14 yuan.
China Merchants Shipping will release audited first half financial results on Aug 21.
In a statement filed with the Shanghai Stock Exchange, the company said that the sharp profit increase is due to rising freight charges, the sale of two ships and lower operating costs.
The company reported net profit of 470.03 mln yuan in the first half of 2007 under Chinese accounting standards, with earnings per share of 0.14 yuan.
China Merchants Shipping will release audited first half financial results on Aug 21.