CIMC Expects Profit to Triple in January-September Period

MT Newswires Live
21 Oct 2024

China International Marine Containers (HKG:2039, SHE:000039) expects net profit attributable to the shareholders to have tripled in the first nine months of the year, according to a Friday filing on the Hong Kong bourse.

Net profit is anticipated to range between 1.65 billion yuan and 2 billion yuan from 495.58 million yuan a year earlier.

The company attributed the expected increase in profit to the robust demand for container manufacturing and a significant increase in the sales volume of standard dry containers for the group's containers.

The logistics company plans to publish its third quarterly report by the end of October.

The company's shares were up by more than 2% at Monday's closing.

Price (HKD): $6.01, Change: $+0.12, Percent Change: +2.04%

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