Wednesday, April 29, 2015
China Shipping Container Lines quadruples Q1 profit
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China Shipping Container Lines, China’s second-largest shipping operator, announced Monday that its net profit for the first quarter surged by 306 percent year-over-year, due to an increase in operating profit. |
Listed in Hong Kong and Shanghai, CSCL said its net profit for the three months ending in March, jumped to $40 million from $9.8 million a year earlier. Revenue dropped 9.4 percent to $1.2 billion. |
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