Independent journal on economy and transport policy
07:27 GMT+1
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COSCO Shipping Ports closes the first semester with an light bending of the volume of transactions
The profit clearly has recorded a decrease of -6,8%
August 24, 2016
COSCO Pacific, the society that previously took part of the shipowning group Chinese COSCO of which it managed the harbour terminals and the activities of chartering and sale of container and that after the fusion of the group leader with the shipowning society compatriot at the beginning Lower happened Shipping of this year have decided to change own corporate name in COSCO Shipping Ports Ltd., denomination that they give tomorrow will connote the quoted actions of the company to the Stock exchange of Hong Kong, clearly has archived item the first half of 2016 with a profit of 188,1 million dollars, with a bending of the -6,8% regarding 201,8 million dollars in the first semester of 2015, turned out - this last one - riclassificato in order to take into consideration the effect of the fusion on the activity of COSCO Shipping Ports. In particular, the quarterly results turn out essentially to clearly of the stopped operating activities, that is the activities of chartering and carried out sale of container mainly from the Florens Holdings Container that are classified as independent activities and hold account also of the effect of the acquisition of the entire capital of China Shipping Ports Development Co. capacity to term 18th March in the within of the fusion between COSCO and Lowers Shipping. The recorded clearly riclassificato profit from COSCO Pacific in the first semester of 2015 had not turned out pairs to 176,5 million dollars.
In the first six months of this year COSCO Shipping Ports it has totaled revenues for 275,0 million dollars, with a decrease of the -0,6% regarding the riclassificati revenues pairs to 276,5 million dollars in the first half of 2015. The operating profit is piled to 69,9 million dollars (- 8.8%).
Relative the riclassificati results to the second half of the year of 2016 show revenues pairs to 146,3 million dollars (+1.0% on the same period of 2015), an operating profit of 44,6 million dollars (- 5.1%) and a profit clearly of 73,1 million dollars (- 35.8%).
We remember that in the first six months of this year the harbour terminals of COSCO Shipping Ports (former COSCO Pacific) have enlivened a traffic of the container pairs to 46 million teu, in increase of +3.5% on the first semester of 2015 ( on 18 July 2016).
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COSCO Pacific, the society that previously took part of the shipowning group Chinese COSCO of which it managed the harbour terminals and the activities of chartering and sale of container and that after the fusion of the group leader with the shipowning society compatriot at the beginning Lower happened Shipping of this year have decided to change own corporate name in COSCO Shipping Ports Ltd., denomination that they give tomorrow will connote the quoted actions of the company to the Stock exchange of Hong Kong, clearly has archived item the first half of 2016 with a profit of 188,1 million dollars, with a bending of the -6,8% regarding 201,8 million dollars in the first semester of 2015, turned out - this last one - riclassificato in order to take into consideration the effect of the fusion on the activity of COSCO Shipping Ports. In particular, the quarterly results turn out essentially to clearly of the stopped operating activities, that is the activities of chartering and carried out sale of container mainly from the Florens Holdings Container that are classified as independent activities and hold account also of the effect of the acquisition of the entire capital of China Shipping Ports Development Co. capacity to term 18th March in the within of the fusion between COSCO and Lowers Shipping. The recorded clearly riclassificato profit from COSCO Pacific in the first semester of 2015 had not turned out pairs to 176,5 million dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
