Jinhui Shipping stays in profit

PUBLISHED : Friday, 21 November, 1997, 12:00am
UPDATED : Friday, 21 November, 1997, 12:00am

Jinhui Shipping and Transportation has reported a third-quarter net profit of US$340,000 - its second consecutive profitable quarter. Net profit for the nine months to September was $2.3 million, compared with $4.33 million in the same period last year. The company said the freight market had bottomed out but it was cautious in its optimism because the trough might run longer than expected.