China Merchants Ports Gives Higher Profit Alert

China Merchants Port Holdings recorded an increase in first half net profit.

News ID: 75041

Date: 19 July 2017 - 09:06

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.