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China COSCO enlarges net loss in Jan-Sep

Nov. 1, 2012 (China Knowledge) - China COSCO Holdings Co Ltd<601919><1919>, the largest shipping company in the country, has said it suffered a net loss of RMB 6.4 billion in the first nine month of this year, compared with a net loss of RMB 4.78 billion it suffered in the same period of 2011.

According to a statement filed with Shanghai Stock Exchange, basic loss per share for the period was RMB 0.63.

From January to September, the Shanghai and Hong Kong listed shipping company saw its operation revenue edge up 0.2% YoY to RMB 53.71 billion, including RMB 19.06 billion from Q3 2012, up 4.55% YoY.

In the first nine months of this year, China COSCO saw its cargo throughput rise 10.3% YoY to 41.45 million TEUs.

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