China Int'l Marine Containers' net profit down 19.49% in H1
China International Marine Containers (Group) Co Ltd, the world's biggest container-manufacturing company by production, said Thursday that its net profit fell 19.49% year on year to RMB 826 million in the first half of this year.
Basic earnings per share were RMB 0.31, according to the company's interim report.
In the first six months, the company realized RMB 9.44 billion in operating revenue, down 68.7% from a year earlier, and the firm's operating profit slid 4.01% year on year to RMB 1.15 billion.
The Shenzhen-based company attributed the decline in operating revenue to a plunge in sales of its container products.
However, the company earned RMB 1.39 billion by selling some of its shares of China Merchants Bank.
Basic earnings per share were RMB 0.31, according to the company's interim report.
In the first six months, the company realized RMB 9.44 billion in operating revenue, down 68.7% from a year earlier, and the firm's operating profit slid 4.01% year on year to RMB 1.15 billion.
The Shenzhen-based company attributed the decline in operating revenue to a plunge in sales of its container products.
However, the company earned RMB 1.39 billion by selling some of its shares of China Merchants Bank.