[310815.EN.BIZ] Top Box Maker CIMC Profit up 120pc To US$111 Million As Revenues Rise 8.5pc

SHENZHEN container maker China International Marine Containers (CIMC), the world's biggest, has posted a 120 per cent first half net profit increase to CNY710 million (US$111.1 million), drawn on revenues of CNY12.48 million, which increased 8.5 per cent year on year.

Sales of standard dry boxes, a 17.7 per cent year-on-year increase. Reefer box sales rose 22.9 per cent to 86,900 TEU over the same period.

"In the first half, under the influence of optimistic expectations for steady growth in the global container trade and launching of new ships at the beginning of this year, the market demand for containers maintained the favourable trend of previous year," CIMC said.

Meanwhile, the group implemented the entire upgrade of the container business by adjusting and optimising the composition of the existing production capacity.

Its container project in Dongguan Fenggang was progressing on schedule to start operation in the first half of next year. It also won the bidding for the largest modularised office building project in China-Shenzhen Qianhai Business Innovation Centre.

Source : HKSG.