By Joanne Chiu
China Merchants Port Holdings Co. (>> China Merchants Port Holdings Co Ltd) is expected to report a more than 50% rise in profit for the first half, in part due to an expected gain of 775 million Hong Kong dollars (US$99.3 million) from the sale of its stake in China International Marine Containers (Group) Co. (>> China International Marine Cntnrs Gp Ltd).
The Chinese port operator said after markets closed Friday that an expected earnings turnaround of China International Marine Containers in the first half also contributed to the improved results during the period.
China Merchants Port will release its interim results in August.
Write to Joanne Chiu at [email protected]