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SHA:601872

2 stories mentioning SHA:601872

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Asia

China Merchants Energy Shipping's Profit Soars 219%, Revenue Jumps 53%

China Merchants Energy Shipping's (SHA:601872) net profit attributable to shareholders in the first quarter soared 219% to nearly 2.76 billion yuan from 865.4 million yuan a year earlier, according to a Saturday filing on the Shanghai bourse.Earnings per share surged 209% year on year to 0.34 yuan from 0.11 yuan.Operating revenue jumped 53% to 8.56 billion yuan from 8.60 billion yuan in the previous year.

SHA:601872
Asia

Sinopec Reduces Stake in China Merchants Energy Shipping

China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec will reduce its shareholding in China Merchants Energy Shipping (SHA:601872) by about 80.7 million shares, according to a Saturday filing with the Shanghai bourse.The reduction will be equivalent to not more than 1% of China Merchants' share capital, the filing said.Sinopec is the company's second-largest shareholder.

HKG:0386SHA:600028SHA:601872