China Shipping Development Co (CSDC) has posted a much bigger profit in the third quarter on the back of buoyant tanker markets.
The Shanghai and Hong Kong-listed unit of China Shipping Group said net earnings were CNY 391.5m ($61.58m) to 30 September, versus CNY 42.7m a year ago.
Revenue rose to CNY 3.44bn from CNY 3.15bn in 2014.
For the full year, it expects net profit to more than double from last year.
It
