Independent journal on economy and transport policy
07:20 GMT+1
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COSCO Shipping Ports has closed the third trimester with a profit clearly for the shareholders of 75,1 million dollars (+11.8%)
The revenues have grown of +62.6%
October 29, 2018
COSCO Shipping Ports has archived item the third trimester of this year, period in which the harbour terminals of the Chinese group have enlivened a containerized trade pairs to 25,8 million teu(on 15 October 2018), with revenues pairs to 252,9 million dollars, an increment of +62.6% on the same period of the 2017 that is effect mainly of the new acquisitions carried out from the company between which those of the Spanish Noatum Port Holdings and Belgian CSP Zeebrugge Terminal. Al clearly of such effect the revenues realized in the period July-september of the 2018 turn out pairs to 174,0 million dollars, with an increase of +11.8%. The budget of third trimester 2018 shows costs pairs to 177,2 million dollars (+79.3%; +12.3% to clearly of the effect of the acquisitions). The operating profit is piled to 52,9 million dollars (+47.1%) and the profit clearly of competence of the shareholders of the society to 75,1 million dollars (+11.8%; +9.1% to clearly of the acquisitions).
In the first nine months of the 2018 revenues they have been attested to 748,4 million dollars, with a rise of +73.5% on the correspondent period last year (+20.1% to clearly of the effect of the acquisitions). The costs have been pairs to 515,2 million dollars (+86.6%; +16.8% clearly acquisitions). The operating profit and the profit clearly for the shareholders are piled respective to 164,0 million dollars and 244,1 million dollars, with decreases determined pairs to -61,1% and -46,0% from the recording in the budget of the first nine months of 2017 of extraordinary proceeds generated pairs to 284,0 million dollars from the cession of participation (to clearly of the effect of the such proceeds profit clearly for the shareholders relative to the first nine months of 2018 turn out in increase of +46.6%).
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COSCO Shipping Ports has archived item the third trimester of this year, period in which the harbour terminals of the Chinese group have enlivened a containerized trade pairs to 25,8 million teu
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
