CSSC (Hong Kong) Shipping Expects Up to 23% Higher H1 Profit; Shares Jump 4%

MT Newswires Live07-24

CSSC (Hong Kong) Shipping (HKG:3877) expects profit attributable to the equity holders increase 21% to 23% for the first half ended June 30 compared with the previous year, according to a Tuesday filing on Hong Kong bourse.

The company attributed the expected profit increase to a significant growth in the leasing and integrated shipping services business.

The ship leasing service company plans to publish its interim results in August.

The company's shares were up over 4% in the recent trading.

Price (HKD): $1.52, Change: $+0.06, Percent Change: +4.11%

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