Seacon Shipping's H1 Profit Soars 179%

MT Newswires Live08-29

Seacon Shipping Group Holdings (HKG:2409) recorded a 179% increase in attributable profit for the six months ended June 30 to $30.7 million from $11 million in the year-ago period.

Earnings per share were $0.061 in the first half, up from $0.025 a year prior, a Wednesday bourse filing stated.

The shipping company's revenue rose 16% to $137.8 million from $119.2 million a year earlier.

Shares of the company closed 5% higher on Thursday.

Price (HKD): $3.89, Change: $+0.19, Percent Change: +5.14%

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