China Merchants Ports Gives Higher Profit Alert
China Merchants Port Holdings recorded an increase in first half net profit.
China Merchants Port Holdings announced that it is expecting to post an increase in first half net profit of more than 50% from the same period last year, MANA correspondent reported.
The group attributed the rise in profit to the expected net gain of approximately HKD775m ($99.3m) from the disposal of its entire interest in China International Marine Containers (CIMC) as well as residual profits due to it from CIMC, which is expecting to turn to a first half profit from a loss in the previous corresponding period.