Apr. 13, 2012 (China Knowledge) – China International Marine Containers (Group) Co Ltd <000039
>, the world's largest shipping container maker, announced yesterday that its net profit to plunge about 60% to 80% year on year in the first quarter of this year.
The container maker saw its net profit for the first quarter of this year to reach between RMB 271.65 million and RMB 543.3 million, and earnings per share were RMB 0.1 to RMB 0.2 for the period.
The company said the significant decrease in net profit in the first quarter was due to a weak demand.
In 2011, CIMC reported RMB 3.69 billion in net profit, up 22.96% year on year, and sales revenue for last year at RMB 64.12 billion, 23.87% more than it realized in 2010, source reported.