China Shipping Haisheng returns to profit via selling securities

China Shipping Haisheng announced yesterday that the company will return to profit in the third quarter of this year and it reported an estimated profit of RMB77.46m for the first nine months.

China Shipping Haisheng said the main reason of the profit is the company has sold 25m shares in China Merchants Secutities, which has brought the company a profit of RMB264.4m.
Source: Sino Ship News