China Shipping Development Co Ltd. (ADR) CSDXY reported a gain in its net profit for the first quarter.
China Shipping Development's quarterly net profit climbed around 27 percent year-over-year to 65.9 million yuan (US$10.6 million), compared to RMB51.93 million.
Its revenue from operations dropped 8.5 percent to CNY2.92 billion.
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