TABLE-China Merchants Energy Q1 net up 108 pct

April 28 (Reuters) - Quarter ended March 31, 2008.

(in millions of yuan unless stated, against 2007 figures):

Q1 2008 Q1 2007

Turnover 832.24 vs 567.25

Net profit 441.60 vs 212.49

Earnings per share (yuan) 0.13 vs 0.06

Net assets per share (yuan) 2.60 vs 2.55*

Company: China Merchants Energy Shipping Co (601872.SS: Quote, Profile, Research, Stock Buzz) is
the country's biggest oil carrier.

Note: The results were unaudited and compiled under domestic
accounting standards, published on Monday.

The company said on April 2 that it estimated its
first-quarter net profit had at least doubled from a year
earlier, as both its oil tanker and bulk shipping businesses grew
while a double-hulled, very large crude carrier came into
operation. It added that shipping fees rose sharply and it was
successful at controlling costs as fuel prices increased.

*The company did not give a net asset per share figure for
the first quarter of 2007, but it stood at 2.55 yuan at the end
of last year.
($1=7.009 Yuan)
(Reporting by Fang Yan in Shanghai; Editing by Edmund Klamann)