CSSC (Hong Kong) Shipping, the leasing arm of state-owned China State Shipbuilding Corp, looks set to report a 30% year-on-year increase in interim net profit.
The Hong Kong-listed lessor attributed the improvement to the increase in the size of its operating fleet, which has grown from 84 vessels to 114.
The company said its financial performance had also been helped by a significant decrease in finance costs, in particular, the average cost of the company’s interest-bearing liabilities had decreased by 1% to approximately 2.2%
