• BIST 107.303
  • Altın 153,246
  • Dolar 3,7141
  • Euro 4,3624
  • İstanbul 20 °C
  • Ankara 10 °C

The freights of tankers plummmet

The freights of tankers plummmet
China Merchants Energy Shipping Co., Ltd., a pillar oil shipping company in the country, forecasts its net profits for the first quarter of 2009 would plunge more than 50% from a year earlier.

China Merchants Energy Shipping Co., Ltd., a pillar oil shipping company in the country, forecasts its net profits for the first quarter of 2009 would plunge more than 50% from a year earlier.

China Merchants Energy Shipping Co., Ltd., a pillar oil shipping company in the country, forecasts its net profits for the first quarter of 2009 would plunge more than 50% from a year earlier. The company gained net profits of CNY 441,601,267 in Q1 2008, or CNY 0.13 per share. The sharp reduction in earnings is mainly due to the dim global shipping market impacted by the global financial tsunami. The freights of oil tankers and bulk cargo ships also steeply plummeted from a year ago. Notably, it sold one ship in Q1 2008 and gained non-operating revenue about CNY 60 million.

The company discloses its projections for the annual results of 2008, revealing estimated net profits of CNY 1.403 billion. As it is set to put aside depreciation reserve for aged single-hull oil tankers and will face new tax rate on income from overseas, the audited 2008 net profits may reduce CNY 170 million from the projected figure.

www.TurkishMaritime.com.tr

This news is a total 908 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |