Independent journal on economy and transport policy
12:04 GMT+1
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In the third trimester of this year the fleet of the COSCON has transported 2,5 million container (+8.2%)
COSCO lowers clearly has archived item the period with a profit of about 264 million dollars
October 30, 2014
COSCO lowers, holding to which the operating societies of the Chinese shipowning group are under responsibility Lower Ocean Shipping (Group) Co. (COSCO), has closed the third trimester of 2014 with a profit of clearly 1,62 billion yuan (264 million dollars) respect to a net loss of -1,04 billion yuan in the correspondent period last year. The revenues are increased of +10.1% attesting itself to 17,49 billion yuan. The operating profit is piled to 575,7 million yuan respect to operating liabilities of -454,9 million yuan in the period July-september of 2013.
In the third trimester of this year the fleet of the COSCO Container Lines (COSCON), the company that work the fleet of portacontainer of the group, has transported containerized cargo volumes pairs to 2,5 million teu, with an increment of +8.2% on the same period of 2013.
In the first nine months of the 2014 group January-september Lowers COSCO has recorded a net loss of 654,3 million yuan on revenues for 47,43 billion yuan respect to a net loss of -2,03 billion yuan on revenues for 46,08 billion yuan in the period last year. The operating profit is piled to 19,56 billion yuan regarding 1,65 billion yuan in the first nine months of 2013.
In the first nine months of this year the COSCON fleet has transported containerized volumes pairs almost 7,0 million teu, with a progression of +8.8% on the same period of 2013.
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COSCO lowers, holding to which the operating societies of the Chinese shipowning group are under responsibility Lower Ocean Shipping (Group) Co. (COSCO), has closed the third trimester of 2014 with a profit of clearly 1,62 billion yuan (264 million dollars) respect to a net loss of -1,04 billion yuan in the correspondent period last year. The revenues are increased of +10.1% attesting itself to 17,49 billion yuan. The operating profit is piled to 575,7 million yuan respect to operating liabilities of -454,9 million yuan in the period July-september of 2013.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
