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China Shipping Development : Ship Dev 1H net turns black to Rmb39.44m; no div

China Shipping Development (01138) said it reported a profit attributable to owners of Rmb39.44 million for the six months ended 30 June 2014, as compared to the loss of Rmb923 million for the same period in 2013. Its basic and diluted earnings per share were Rmb1.16 cents. The turnover was Rmb6,291 million, an increase of 20.33% from a year earlier. During the reporting period, the group completed 105.2 million tonnes of cargo shipment and the volume of freight shipping turnover was 260.8 billion tonne-nautical miles, representing an increase of 8.0% and 29.2% year-on-year.
No interim dividend will be distributed. (HL)
Source; ET News
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