Independent journal on economy and transport policy
07:16 GMT+1
This page has been automatically translated by Original news
Profit warning of the producer of Singamas container
The Chinese company previews to close first semester 2019 with a net loss of -35,0 million dollars
July 26, 2019
Today the Chinese producer of container intermodal Singamas Holdings Container has published an warning of profit warning to the Stock exchange of Hong Kong communicating that it previews to clearly close the first semester of the 2019 with a net loss of -35,0 million dollars respect to a profit of 2,1 million dollars recorded in the first half last year let alone to a profit clearly of 72,2 million dollars for the entire exercise anniversary 2018.
The company has specified that the bending of the results is attributable mainly to the commercial tensions between the United States and the China that have an impact on the world-wide exchanges. Moreover Singamas has specified that with the low level of the question of new container, in the picture of a market that is highly competitive, the average price of sale of container from 20 ' for cargos dries is diminished remarkablly regarding the same period last year and this has had an impact on the results of the group.
Singamas has evidenced that however, even if in the next few months the consequences of this scene will be suffered, the activity of the company in the specialized segment of the container, in particular the container question customizzati, is showing an increase trend that in future could allow with the group to endure in minor measure the impact of the difficulties of the total commercial exchanges.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Today the Chinese producer of container intermodal Singamas Holdings Container has published an warning of profit warning to the Stock exchange of Hong Kong communicating that it previews to clearly close the first semester of the 2019 with a net loss of -35,0 million dollars respect to a profit of 2,1 million dollars recorded in the first half last year let alone to a profit clearly of 72,2 million dollars for the entire exercise anniversary 2018.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
