Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
China COSCO's H1 net loss enlarges to RMB 4.87 bln

Aug. 31, 2012 (China Knowledge) - China COSCO Holdings Co Ltd<601919><1919>, the largest shipping company in the country, reported RMB 4.87 billion in net loss attributable to shareholders in the first half of this year, compared with a net loss of RMB 2.76 billion from a year earlier.

According to a statement filed with Hong Kong Stock Exchange, revenue for the six months period rose 1.3% from a year earlier to RMB 42.56 billion. Basic loss per share was RMB 0.48.

From January to June, the company's container shipping and related business generated RMB 23.12 billion in revenue, up 14.1% YoY, while that from its dry bulk shipping business dropped 32% from a year earlier to RMB 8.26 billion.

The Chinese shipping giant expects that it will suffer a net loss in the first three quarter of this year due to a slowdown in the global shipping industry and higher oil price.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved