China Merchants South Oil: It is expected to rise sharply, and net profit increases by 92.16%year -on -year to 125.79%

On July 7, the A-share listed company China Merchants South Oil (Code: 601975.SH) released the semi-annual report performance forecast.100 million yuan, net profit increased by 92.16%year -on -year to 125.79%.

The company makes the above prediction based on the following reasons:

(1) Since the outbreak of the Russian and Ukraine conflict, the market effective capacity supply has declined significantly, international refined oil freight rates have risen sharply, and the company's foreign trade business income has increased significantly;

(2) Due to the decrease in interest debt balance and changes in exchange rates, financial expenses have decreased year -on -year;

(3) The disposal of two old ships in this period has led to the increase in asset disposal income year -on -year.

China Merchants South Oil, the company's full name China Merchants Nanjing Oil Transport Co., Ltd., was established on September 08, 1993. The current general manager Wang Xiaodong.Transportation.

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