CSSC (Hong Kong) Shipping Company Limited announced that it is expected that the consolidated profit (unaudited) attributable to the company's equity holders for the six months ended June 30, 2021 will increase by approximately 30% compared to 2020.
According to the announcement, the expected increase is mainly due to the increase in the number of ships operated by the company from 84 in the same period last year to 114 in the same period of 2021.
The company's financial costs have fallen sharply, in particular, the average cost of the company's interest-bearing liabilities has increased from the same period last year. The decrease of 3.3% to approximately 2.2% in the same period of 2021; and the company's self-operated dry bulk fleet operating revenue and profit increased significantly over the same period last year.
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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