The Shanghai and Hong Kong-listed tanker and bulker unit of China Shipping Group, booked a net deficit of CNY 2.2bn ($355.4m) for the 12 months to the end of December, down from a profit of CNY 73.7m a year earlier.
At CNY 0.70 per share the loss is worse than the CNY 0.60 ($0.10) per share CSDC projected when it fired a profit warning earlier this year and well over twice the CNY 0.29
