Cmst Development Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 30, 2019 at 05:05 am
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CMST Development Co.,Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 33,244.004 million compared to CNY 27,413.634 million a year ago. Operating income was CNY 350.596 million compared to CNY 124.045 million a year ago. Net income was CNY 263.765 million compared to CNY 73.644 million a year ago. Basic earnings per share from continuing operations was CNY 0.12103 compared to CNY 0.03348 a year ago.
CMST Development Co Ltd is a China-based company mainly engaged in warehousing and logistics business. The Company conducts business through two segments. The Logistics Business segment is engaged in the construction and operation of transportation platforms and comprehensive services of warehousing and logistics infrastructure, including comprehensive warehousing services, futures and spot delivery services, and international freight forwarding services. The Commodity Circulation Business segment focuses on the steel, nonferrous metals, rubber and plastics, and coal industries, providing supply chain integrated services integrating trade, logistics, and finance. The Company mainly conducts its business in the domestic market.