CSSC (Hong Kong) Shipping Company Limited Provides Earnings Guidance for the Year Ended 31 December 2020
January 19, 2021 at 04:20 am EST
The board of directors of CSSC (Hong Kong) Shipping Company Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the unaudited consolidated profit attributable to the equity holders of the Company for the year ended 31 December 2020 is expected to increase by approximately 26% as compared to that of 2019. Such an expected increase was mainly attributable to the increase in the Group's share of profit from its joint venture companies; and the decrease in the Group's finance cost during the year ended 31 December 2020.