- SITC’s profit in H1 was US$486 million, a year-on-year increase of more than three times
- increase in average freight rates and container shipping volume and extended logistics business
SITC International Holdings announced its 2021 interim results, achieving revenue of approximately US$1.334 billion, a year-on-year increase of approximately 79.6% says an article on Xinde Marine.
Year-on-year increase
Gross profit increased by approximately 251.5% to US$557 million, and profit attributable to shareholders of the company was approximately US$486 million, a year-on-year increase of approximately 3.09 times. The board declared an interim interest rate of HK $1 per share, compared with HK $0.22 per share in the same period last year.
Revenue increase
Among them, the group’s container shipping logistics business revenue increased by approximately 80.4% year on year to approximately US$1.32 billion. The increase was due to the increase in average freight rates and container shipping volume and extended logistics business.
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Source: Xinde Marine
