Exercise 2018 two-faced for the Chinese producer of Singamas container



After the marked rise of the economic and commercial performances and the activity of own factories marked in 2017, these increments recorded from the Chinese producer of Singamas container are continued in the first six months of 2018 in order then to be exhausted and to be followed from a worsening of the results. In entire the 2018 plants of the company they have constructed to new containers for a total pairs to 836 thousand teu, with an increase of +13.2% on 2017 (when an increase of +41.0% on the year was marked precedence). Last year Singamas has sold container for total 842 thousand teu (+17.6%; in the 2017 progression it had been of +31.6%). In the 2018 average price of sale of container for cargos it dry from 20 ' has turned out pairs to 2.157 dollars, advanced of +2.6% regarding 2.102 dollars in the exercise anniversary precedence.

Last year Singamas has totaled revenues pairs almost 1,81 billion dollars (+22.4%), of which 1,78 billion generated from the activity of production and sale of container (+23.4%). It is necessary to evidence that the fort rise of the volume of transactions has been generated in the first half of the 2018 when pairs to 969,2 million dollars are recorded revenues, with an increase of +62.9% on the first semester of the year precedence(on 21 August 2018), while in the second half of the 2018 turnover it has been of 838,6 million dollars, with a bending of the -4,9% on the same period of 2017, of which 824,7 million generated from the production and sale of container (- 4.8%).

To find, moreover, that also the increase of the activities of production and sale of containers has been produced in the first six months of 2018, with increments of +47.8% of the volume of production and +50.7% of the volume of sales, while in the second half of the year last year the level of production has been pairs to 377 thousand teu, with a decrease of the -11,8% on the correspondent period of 2017, and the sales have been pairs to 384 thousand teu (- 6.8%).

The operating profit of the entire exercise anniversary 2018 is piled to 35,0 million dollars, with a decrease of the -50,4% producing by an sensitive increase of the costs, mainly that of the raw materials and the consumer goods that has turned out pairs to 1,38 billion dollars (+20.7%). The profit clearly has been attested to 73,4 million dollars, with an increment of +68.9% on the 2017 that is attributable essentially to the registration in budget 2018 of extraordinary proceeds for 65,6 million dollars deriving from the cession of the society integrally controlled Hui Zhou Pacific Container Co. (HPCL) that she is owner of an area of about 267 thousand square metres in the Dongfeng Village near the city of Xinxu, in the district of Huiyang, that is sold to the Huizhou Shunjingyuan Industrial Co., company that will use the site for the container production.