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China Shipping Haisheng Co Ltd Announces FY 2013 Q1 to Q3 Net Profit Outlook

Wednesday, 9 Oct 2013 08:00pm EDT 

China Shipping Haisheng Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2013 to be RMB 77,460,000, compared to the net profit of the same period in FY 2012 (RMB -170,989,600). The Company cited the sale of investment securities for investment income of approximately RMB 264,450,000 as well as cost control as the main reasons for the forecast. 

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1:35am EDT