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05 August 2020 The on-line newspaper devoted to the world of transports 01:18 GMT+2

July 26, 2019

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Profit warning of the producer of Singamas container

The Chinese company previews to close first semester 2019 with a net loss of -35,0 million dollars

Today the Chinese producer of container intermodal Singamas Holdings Container has published an warning of profit warning to the Stock exchange of Hong Kong communicating that it previews to clearly close the first semester of the 2019 with a net loss of -35,0 million dollars respect to a profit of 2,1 million dollars recorded in the first half last year let alone to a profit clearly of 72,2 million dollars for the entire exercise anniversary 2018.

The company has specified that the bending of the results is attributable mainly to the commercial tensions between the United States and the China that have an impact on the world-wide exchanges. Moreover Singamas has specified that with the low level of the question of new container, in the picture of a market that is highly competitive, the average price of sale of container from 20 ' for cargos dries is diminished remarkablly regarding the same period last year and this has had an impact on the results of the group.

Singamas has evidenced that however, even if in the next few months the consequences of this scene will be suffered, the activity of the company in the specialized segment of the container, in particular the container question customizzati, is showing an increase trend that in future could allow with the group to endure in minor measure the impact of the difficulties of the total commercial exchanges.

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