Independent journal on economy and transport policy
06:25 GMT+1
This page has been automatically translated by Original news
In the first trimester of this year the revenues of COSCO Pacific are diminished of -2,3%
Operating profit down of -14,7%
April 27, 2016
Terminalista group Chinese COSCO Pacific has closed the first trimester of this year, period in which its harbour terminals they have enlivened a traffic of the container pairs to 22,2 million teu with an increment of +35.0% regarding the same period of 2015 ( on 18 April 2016), with an operating profit of 25,2 million dollars and a profit clearly of 114,9 million dollars on revenues pairs to 128,7 million dollars, against respective 58,5 million, 81,2 million and 194,8 million dollars in the first three months last year.
Al clearly of the stopped operating activities, constituted from the activities of chartering and sale of container carried out from the Florens Container Holdings Ltd. (FCHL) that they are classified as independent activities in the within of shipowning group COSCO as a result of the fusion of segments of business with the shipowning group Lowers Shipping, and taking into consideration the effect of the acquisition of the entire capital of China Shipping Ports Development Co. (CSPD) completed 18th March in the within of the same operation of fusion, the revenues recorded from COSCO Pacific in the first trimester of the 2016 turns out inferior of the -2,3% regarding the same period of 2015, the operating profit turns out inferior of the -14,7% and the profit clearly, that it includes proceeds for 59,0 million dollars among other things deriving from the cession of the FCHL activities, turns out advanced of +30.6%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Terminalista group Chinese COSCO Pacific has closed the first trimester of this year, period in which its harbour terminals they have enlivened a traffic of the container pairs to 22,2 million teu with an increment of +35.0% regarding the same period of 2015 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
