Benefiting from the continued prosperity of the bulk carrier and container ship markets, and the substantial reduction in losses of the oil tanker fleet, China Merchants Energy Shipping expects net profit in the first half of this year to increase by about two times year-on-year.
On July 5, China Merchants Energy Shipping issued an announcement on the pre-increase in semi-annual performance in 2022. It is expected that the net profit attributable to shareholders of listed companies in the first half of this year will be 2.740-3.028 billion yuan, a year-on-year increase of 188%-219%.
In contrast, in the first half of last year, the company achieved a net profit of about 950 million yuan attributable to shareholders of the listed company, and the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was about 900 million yuan.
An increase is expected in the first half of 2022, the company further explained:
1. The company's dry bulk fleet is expected to contribute about 1,466 million yuan to the net profit, an increase of about 80% over the previous year; the container fleet is expected to contribute about 1,268.95 million yuan to the net profit, an increase of about 180% over the previous year.
2. The company's tanker fleet has performed well and is expected to record only a slight loss in the first half of the year, outperforming the index by a large margin. The oil tanker fleet is expected to lose about 28.65 million yuan, a loss of about 80.83 million yuan compared with the previous year, and a loss reduction rate of about 74%.
3. The investment income of the LNG ship business that has reached production capacity is stable and not affected by changes in the external environment.
Source: Xinde Marine News Sarah Yu
An increase is expected in the first half of 2022, the company further explained:
1. The company's dry bulk fleet is expected to contribute about 1,466 million yuan to the net profit, an increase of about 80% over the previous year; the container fleet is expected to contribute about 1,268.95 million yuan to the net profit, an increase of about 180% over the previous year.
2. The company's tanker fleet has performed well and is expected to record only a slight loss in the first half of the year, outperforming the index by a large margin. The oil tanker fleet is expected to lose about 28.65 million yuan, a loss of about 80.83 million yuan compared with the previous year, and a loss reduction rate of about 74%.
3. The investment income of the LNG ship business that has reached production capacity is stable and not affected by changes in the external environment.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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