“The shipping capacity made available by the group to the shipping market during the financial year ended 31 December 2010 recorded an increase of approximately 20% as compared to the financial year ended 31 December 2009,” it said. In 2009, China Shipping Development recorded about RMB1.06bn($161m) in net profit.
China Shipping Development predicts 60% rise in 2010 net profit
“The shipping capacity made available by the group to the shipping market during the financial year ended 31 December 2010 recorded an increase of approximately 20% as compared to the financial year ended 31 December 2009,” it said. In 2009, China Shipping Development recorded about RMB1.06bn($161m) in net profit.