China Merchants Energy Shipping issued the pre-increase announcement of performance in the first half of 2020, the company is expected to realize the net profit attributable to shareholders of the listed company in the first half of 2020 is 2.8 billion to 3.1 billion yuan, compared with the same period of last year, will increase by 2.32 billion to 2.62 billion yuan, a year-on-year increase of 489% to 553%;
Compared with the same period of last year, the net profit attributable to shareholders of the listed company will increase by 2.35 billion to 2.65 billion yuan, with a year-on-year increase of 533% to 600%.
In the same period of last year, the net profit attributable to shareholders of the listed company in the half year of 2019: 473,959,200 yuan; Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses: 44,1312,200 yuan.
The reason for the substantial growth of performance is that the international tanker transport market has recovered significantly. After the drastic fluctuations of the VLCC market at the beginning of the year, the second quarter was not weak. CMES seized the opportunity of market fluctuations and implemented some contracts.
During the reporting period, CMES completed the acquisition of SINOTRANS bulk cargo fleet and the delivery of new ships, and the bulk cargo fleet scale was further expanded.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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