Brief: Jinhui Shipping And Transportation Profit warning announcement and update on commercial disputes

Jinhui Shipping and Transportation

04/11/2014 10:05

Nov 4 (Reuters) - Jinhui Shipping And Transportation Ltd 
 JINS.OL  
 
    * Says expects to record a consolidated net loss for 
9-months ended 30 september 2014 as compared to a consolidated 
net profit for 9-months ended 30 september 2013 
    * Says net loss for Q3 and for 9-month period of 2014 would 
be within range of $14 million and $19 million 
    * Net loss for Q3 and for 9-months 2014 were primarily 
attributable to reduced hire and freight revenue due to 
substantial exposure to spot freight market, coupled with 
unrealized loss on equity securities as most Asian stock markets 
fell at end of September 2014 
    * Says net loss includes unrealized loss on equity 
securities of about $4 million for both Q3 and for 9-month 
period of 2014 
    * Says shareholders and potential investors are advised to 
exercise caution when dealing in shares of company 
 
Source text for Eikon:  ID:nObi8lbTPa  
Further company coverage:  JINS.OL  
 
 ((gdynia.newsroom@thomsonreuters.com; +48586983920;)) 
 
Keywords: JINHUI SHIP/BRIEF