CSSC Offshore & Marine Engineering Expects Up to 69% Rise in H1 Profit
CSSC Offshore & Marine Engineering (SHA:600685) forecasts its attributable profit to rise 50% to 69% to between 790 million yuan and 890 million yuan in the first half from 526.4 million yuan in the year-ago period, according to a Saturday filing with the Shanghai bourse.The marine and defense equipment manufacturer credited improved joint venture results and streamlined order backlogs, among other things, for the increase.