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CSCL says expects to swing to net profit of 520 million yuan for 2012
China Shipping Container Lines Co Ltd (CSCL) said that it expects to post a net profit of 520 million yuan ($83.7 million) for 2012 as the container shipping market improved.
This compared with a net loss of 2.74 billion in 2011, the company said in a statement. CSCL made a net profit of 991 million yuan in the third quarter of 2012, taking its nine-month net loss to 289.9 million yuan. The company's yearly net profit was also helped by the sale of container boxes. In November, the company sold 2.3 billion yuan worth of container boxes and estimated to make a profit of 705 million yuan from the deal. (Reuters) |
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