This marks a large turnaround for the Shanghai-listed bulker and tanker owner which in 2013 posted losses of over CNY 2bn.
CMES attributed the improved performance to a combination of the rally in tanker rates and lower bunker costs.
Revenue was largely unchanged at CNY 2.6bn, but the company said it aims to double this figure in 2015 to around CNY 5.4bn.
CMES
