Independent journal on economy and transport policy
07:23 GMT+2
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COSCO Group announces preliminary result for shareholders for 2020, up +46.8%
Net of non-recurring charges and income, the increase is +505.1%
March 8, 2021
g src="/images/iMinizionotizia.gif" width="70" height="17" border="0" style="vertical-align: middle;">The Chinese shipowners' group COSCO Shipping Holdings has the preliminary financial results for 2020, the financial year showing revenues of 171.3 billion yuan (26 billion yuan) with an increase of +13.4% on the 2019 financial year. Operating profit amounted to 13.9 billion yuan (+15.5%) and the profit attributable to shareholders at 9.9 billion yuan (+46.8%), a result that net of charges and non-recurring income turns out to be 9.6 billion yuan with an increase of +505.1% on 2019.
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