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CSCL turns in RMB991.1m Q3 profit

CSCL turns in RMB991.1m Q3 profit
Hong Kong: China Shipping Container Lines (CSCL) posted a third quarter profit of RMB991.1m on revenue of RMB9.28bn as freight rates recovered somewhat and volumes improved during the period.

Meanwhile dry bulk shipper China Shipping Development Company (CSDC) still managed to turn in a RMB89.2m profit despite revenue slipping to RMB2.81bn from RMB3.1bn previously. A tax writeback of RMB347.4m helped offset weaker rates.

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