CMES said that the company has managed to “capture opportunities during the market upturn in the dry bulk and tanker shipping segments”, allowing it to expect a profit by the end of March.
The Chinese bulker and tanker operator had recorded a 2013 full year net loss of RMB2.18bn as against a net profit of RMB91.07m in 2012.
Last year's revenue fell 14.3% year-on-year to RMB16.9bn. The results in 2013 were in line with the company's expectations.
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