CIMC had recorded a net profit of RMB2.81bn ($440.84m) in the first half of 2011, and it expects profit to drop to RMB701.91m to RMB1.26bn in the first half of this year.
“The first half of 2011 saw a great number of container orders for the company - its main business, with rising purchase number and prices, as well as a record-high profit,” CIMC said.
“However, the first quarter of 2012 saw a container demand weaker than normal years. The demand turned stronger in the second quarter, but due to high figures in the same period of last year, the business performance still showed a great drop on the year-on-year basis.”
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
