Independent journal on economy and transport policy
07:57 GMT+1
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COSCO lowers has closed 2012 with a net loss of 1,3 billion dollars
The volume of transactions has grown of 4.4%
March 29, 2013
2012 have been still a difficult year for the shipowning group and logistic Chinese Lowers COSCO Holdings Co., that however he has reduced the losses regarding the exercise precedence. The group has archived item 2012 with revenues for 88,3 billion yuan (14,1 billion dollars), with an increase of 4.4% regarding the year precedence. The operating result has been negative for -7,5 billion yuan (1,2 billion dollars) respect to an operating result negative for -10,3 billion yuan in 2011. The result clearly, also it of sign less, has attested to -8,1 billion yuan (1,3 billion dollars) respect to liabilities of clearly -8,9 billion yuan in 2011.
In the single segment of the containerized marine transport, in which the group work through the society integrally controlled COSCO Container Lines (COSCON), revenues for 48,4 billion yuan (+17.0% on 2011 are recorded. The transported containerized volumes in 2012 from the COSCON fleet have been pairs to 8.016.241 teu, with a progression of 16.0% on the year precedence.
Last year in the segment of the solid bulk transport, in which the Chinese group work with the company Lowers COSCO Bulk Shipping (Group) Co., revenues for 16,0 billion yuan (+31.4% are totaled) and the fleet of the company has transported volumes of cargo pairs to 194,9 million tons on international routes (- 14.3%) and 29,7 million tons on the Chinese national routes (- 16.0%).
In the logistic field, in which the group it is present with branch COSCO Logistics, the revenues are piled to 20,3 billion yuan (+18.1%); in the terminalistico field, in which the group work through the participation of 42.7% in COSCO Pacific, the volume of transactions has been pairs to 576 million yuan (+33.0%); in the section of the chartering of the container, operated from the Florens Holdings Container, branch of COSCO Pacific, revenues for 1,2 billion yuan (+31.5% are recorded).
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2012 have been still a difficult year for the shipowning group and logistic Chinese Lowers COSCO Holdings Co., that however he has reduced the losses regarding the exercise precedence. The group has archived item 2012 with revenues for 88,3 billion yuan (14,1 billion dollars), with an increase of 4.4% regarding the year precedence. The operating result has been negative for -7,5 billion yuan (1,2 billion dollars) respect to an operating result negative for -10,3 billion yuan in 2011. The result clearly, also it of sign less, has attested to -8,1 billion yuan (1,3 billion dollars) respect to liabilities of clearly -8,9 billion yuan in 2011.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
