Profit warnings across the maritime spectrum

Shanghai: Blue chip names in the Chinese maritime field are all preparing for severe red ink. Container manufacturer China International Marine Containers (CIMC) has issued a profit warning of a potential 55-75% decrease in net profit in the first half of 2012.
Meanwhile, China Merchants Energy Shipping has warned investors of a likely 58.5% drop in net profit for the first half of 2012.
Finally, shipbuilder CSSC announced on July 16 that its first half net profit would drop by around 80% from RMB15.984m during the same period of 2011. 

 [18/07/12]

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