News:Asia

China Merchants Ports gives higher profit alert

China Merchants Port Holdings announced that it is expecting to post an increase in first half net profit of more than 50% from the same period last year.

The group attributed the rise in profit to the expected net gain of approximately HKD775m ($99.3m) from the disposal of its entire interest in China International Marine Containers (CIMC) as well as residual profits due to it from CIMC, which is expecting to turn to a first half profit from a loss in the previous corresponding period.

Posted 17 July 2017

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Vincent Wee

Hong Kong and SE Asia Correspondent, Seatrade Maritime News

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