Antong Holdings, the parent company of China’s second largest domestic liner operator Quanzhou Ansheng Shipping, has released its Q1 figures, with a CNY43.76 million (US$6.66 million) net profit, compared with a CNY121.28 million (US$17.08 million) net loss in Q1 2020.
Revenue was up 58% to CNY1.29 billion as business picked up amid a recovery in demand for container shipping.
The results show the group is on the road to recovery. In December 2020, Antong completed a year-long government-led restr...
https://container-news.com/antong-continues-recovery-with-q1-profit/