China Shipping Development Company (CSDC) posted a 72.5% fall in net profit in the third-quarter while revenue inched up, Seatrade Asia online reports. The Hong Kong-listed firm recorded third-quarter net profit of RMB135.1m ($21.3m) compared to RMB491.4m in the corresponding period of last year.
CSDC achieved revenue of RMB3.1bn during the quarter, up marginally from RMB2.9bn in the same period a year ago.
CSDC this week announced expenditure of some RMB929.3m to construct five bulk carriers to increase its coal transportation business.
CSDC achieved revenue of RMB3.1bn during the quarter, up marginally from RMB2.9bn in the same period a year ago.
CSDC this week announced expenditure of some RMB929.3m to construct five bulk carriers to increase its coal transportation business.