China Merchants Energy Shipping Co.,Ltd.’s Net Profit Dropped 3.3% in First Half of 2023

China Merchants Energy Shipping Co.,Ltd. (招商局能源运输股份有限公司) (601872.SH) reported a net profit of 2.8 billion yuan in the first half of 2023, down 3.3% year-on-year.

Meanwhile, the company posted 13 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 61.4 billion yuan in total assets and 25.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.