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02039 CIMC
RTNominal down6.310 -0.040 (-0.630%)

16/10/2019 15:46

CIMC (02039) sees decrease in 9-month profit

[ET Net News Agency, 16 October 2019] China International Marine Containers (Group)
Co., Ltd. (02039) said the group expects the consolidated net profit attributable to
shareholders and other equity holders of the parent company for the nine months ended 30
September 2019 will decrease significantly as compared to that of the corresponding period
of last year (the corresponding period of last year: profit of RMB2.32 billion).
The decrease is due to (1) to cater for the construction and development plan of
Jiaozhou New Industrial Zone, Qingdao Base of the Group received land reservation and
relocation compensation in the third quarter of 2018, resulting in a profit after tax of
RMB1.05 billion, which leaded to higher contrast base for the corresponding period of last
year; and (2) in the first three quarters of 2019, the group's container sales and revenue
both declined as compared to those of the corresponding period of last year. (RC)

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