State-owned China Changjiang National Shipping (Group) Corp (CSC Group), the country's largest river shipping firm, said its pretax for the first half of the year was up 83 pct year-on-year at 760 mln yuan.
The company said in a statement that operating revenue totaled 14.53 bln yuan for the six months, up 38.1 pct from a year earlier, as its core business grew.
It set a pretax profit target of 1.5 bln yuan for the full year, while total operating revenue is seen at 30 bln.
CSC Group, parent of Changjiang Shipping Group Phoenix Co Ltd (SZA 000520) and Nanjing Water Transport Industry Co Ltd (SHA 600087), said earlier this month that it has reached a merger agreement with the nation's largest logistics company Sinotrans Group.
Details of the merger plan are yet to be announced.
The company said in a statement that operating revenue totaled 14.53 bln yuan for the six months, up 38.1 pct from a year earlier, as its core business grew.
It set a pretax profit target of 1.5 bln yuan for the full year, while total operating revenue is seen at 30 bln.
CSC Group, parent of Changjiang Shipping Group Phoenix Co Ltd (SZA 000520) and Nanjing Water Transport Industry Co Ltd (SHA 600087), said earlier this month that it has reached a merger agreement with the nation's largest logistics company Sinotrans Group.
Details of the merger plan are yet to be announced.