Brief: Jinhui Shipping q3 net profit helped by sales gain, US-China trade tension a worry

Jinhui Shipping and Transportation

28/11/2018 05:44

Nov 28 (Reuters) - Jinhui Shipping and Transportation Ltd
 JINS.OL :
    * Q3 NET RESULT $6.5 MILLION VERSUS $2 MILLION (NOT LOSS $7
MILLION) YEAR AGO
    * RECORDED A Q3 NET GAIN ON DISPOSAL OF OWNED VESSELS OF
US$5,012,000 
    * Q3 REVENUE $18 MILLION VERSUS $18 MILLION YEAR AGO
    * PROPOSES NO DIVIDEND FOR THE QUARTER
    * EXPECTS TRADE TENSIONS BETWEEN US-CHINA TO BE WORSE BEFORE
THEY
GET BETTER, NEGATIVELY AFFECTING ALL BUSINESS SEGMENTS INCLUDING
DRY BULK SHIPPING
    * IS CURRENTLY REFRAINING FROM INSTALLING SCRUBBERS
    * IMPORT VOLUMES BY CHINA REMAIN STRONG

Source text for Eikon:  urn:newsml:reuters.com:*:nNDLQFKF7
Further company coverage:  JINS.OL 

 (Reporting By Ole Petter Skonnord)
 ((olepetter.skonnord@thomsonreuters.com;))