China International Marine Containers (Group), the world's largest manufacturer of shipping containers, saw its first-quarter net profit fall 72 percent from a year earlier owing to continued weakness in container prices and orders, reported Dow Jones Newswires.
China International Marine said net profit for the three months ended March 31 was US$59.57 million), down from $215.63 million a year earlier.
Revenue fell 28 percent to $1.96 billion from $2.7 billion.
China International Marine said net profit for the three months ended March 31 was US$59.57 million), down from $215.63 million a year earlier.
Revenue fell 28 percent to $1.96 billion from $2.7 billion.