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CMES posted a net profit of 2.889 billion yuan in H1

China Merchants Energy Shipping released the 2022 semi-annual report on August 30. In the first half of the year, the operating income was 13.727 billion yuan, a year-on-year increase of 32.25%.
 
The net profit attributable to shareholders of listed companies was 2.889 billion yuan, a year-on-year increase of 105.99%.
 
The change in operating income was mainly due to the fact that the dry bulk and container shipping market still maintained a relatively high degree of prosperity, while the oil tanker shipping market recovered.
 
During the reporting period, the company's bulk cargo fleet realized an operating income of 6.059 billion yuan, a year-on-year increase of 18.12%.
 
The tanker fleet achieved operating income of 2.444 billion yuan, a year-on-year increase of 25.76%.
 
The container fleet realized an operating income of 3.445 billion yuan, a year-on-year increase of 49.85%.
 
The ro-ro fleet achieved operating income of 807 million yuan, a year-on-year increase of 24.22%.
 
Source: Xinde Marine News Sarah Yu

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