CMB more than doubles first half profit
Belgian bulk shipping company Compagnie Maritime Belge reported net income of 148.2 million euros ($204 million), after the first six months of 2007, a 118 percent rise over 68 million euros recorded in the comparable period last year.
CMB’s dry bulk unit, Bocimar, contributed 146 million euros ($200 million) of the consolidated result, aided by 89 million euros ($122 million) from the sale of two vessels and 6 million euros ($9 million) on the sale of Pacific Basin shares.
CMB’s group revenue in the first half 2007 decreased 13 percent to 181.9 million ($250 million) from 208.5 million euros last year.
CMB more than doubles first half profit
