China International Marine Containers net profit down 19 percent

Shenzhen's China International Marine Containers (CIMC) core business of container manufacturing saw a steep drop in sales revenue in the first half of the year with net profit down by 19.49 percent year-on-year to US$120.8 million.

Overall operating revenue in the first six months compared with 2008 plunged 68.7 percent at US$1.38 billion, while operating profit down by four percent to US$168 million.

Source: Baird Maritime