Profits of HK $1.114 billion! Year-on-year growth of 24.8%! The performance of CSSC Leasing in 2020 is booming!
On March 31, CCSC Leasing announced that it achieved profit of HK $1.114 billion in 2020, an increase of 24.8% year on year and a record high, maintaining rapid growth for many years in a row.
Annual top line reached HK $1.862 billion and operating profit of HK $1.026 billion, up 21% year on year. Earnings per share for the year were HK $0.181, and the final dividend per share was HK $0.06. Combined with the interim dividend, the total dividend was HK $552 million.
In 2020, CCSC Leasing signed 31 new ships with a contract value of $1.122 billion. Signed ship chartering contracts with 7 new customers, further demonstrating its business development capability.
At present, its ship portfolio has reached 136, of which 90 are in operation and 46 are under construction. The utilization rate of the ship portfolio has reached 100%, and the rental cash collection rate is 97.65%.
The ship joint venture of CSSC Leasing has 3 new ships into operation in 2020, and the associated company has operated 11 ships, with an investment income of HK $102 million.
In the next two years, 10 ships under construction of the ship joint venture company will be put into operation successively, and the number of ships it owns will further increase, providing strong support for further development.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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