The ports operator said it expects to card a “significantdecline” in first half numbers because of a fall of up to 75% in ChinaInternational Marine Containers.

It added that the one off gain of HKD 1.36bn ($ 175m) from anasset sale during the period last year will make earnings look comparativelyweaker.

China Merchants follows tanker owner China Shipping DevelopmentCo (CSDC) and shipbuilder China State Shipbuilding Corporation (CSSC) warninginvestors that its bottom line will not be pretty.

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