Singamas Container Holdings Ltd., a Chinese company that produces containers and operates a network of warehouses and container terminals (ten in China and Hong Kong and one in Thailand), has closed the first half of 2011 with a net profit of 111.8 million dollars on revenues of $ 1.0239 billion, with increases of 762.0% and 109.6% compared to 13.0 million and 488.4 million dollars in the first half of 2010. Profit before tax was 144.8 million dollars (+903.0%).
Only in the production of containers, the company reported income before taxes of 144.2 million dollars (+789.8) on revenues of $ 1007.0000000 (+113.6%), while in the sector logistics Singamas reported income before taxes of $ 3.1 million (-6.0%) on revenues of $ 17.5 million (+2.4%).
The economic performance of Chinese society have benefited from the upturn in demand for new containers. In the first half of this year has produced Singamas new containers for a total of 397,334 TEUs and has sold container to a volume of 394,210 TEUs, 230,666 TEUs, respectively, against 236,190 TEUs, and in the first half of 2010.
Singamas has announced that the sale price of containers continues to be high because amounted to $ 2,760 / TEU for dry cargo in the first half of 2011 compared to an average of $ 2,403 / TEU and $ 2,155 in the entire 2010 / TEUs in the first six months of 2010.
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Singamas Container Holdings Ltd., a Chinese company that produces containers and operates a network of warehouses and container terminals (ten in China and Hong Kong and one in Thailand), has closed the first half of 2011 with a net profit of 111.8 million dollars on revenues of $ 1.0239 billion, with increases of 762.0% and 109.6% compared to 13.0 million and 488.4 million dollars in the first half of 2010. Profit before tax was 144.8 million dollars (+903.0%). 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
