The Hong Kong and Shanghai-listed arm of China Shipping swungto a CNY 52m ($8.3m) profit, reversing a CNY 484m loss in the first threemonths of 2013.
The figure is at the lower end of the CNY 50m to CNY 60m range it predicted earlier this month.
Revenue increased by over 20% to CNY 3.2bn from CNY 2.63bn,the company said in a statement.
The
