China Merchants Energy Shipping Logs Higher Q3 Attributable Profit; Revenue Up

MT Newswires Live10-29

China Merchants Energy Shipping (SHA:601872) posted 5.02 billion yuan in net profit attributable to shareholders for the third quarter, up 327% from a year ago.

EPS was 0.62 yuan, up 313%, a Thursday filing with the Shenzhen Stock Exchange showed.

For the three months ended Sept. 30, operating revenue was 12.8 billion yuan, up 90% from a year ago, the shipping company said.

Shares of China Merchants Energy Shipping were up 1% in recent trade.

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