Date
15 November 2018

China COSCO Jan-Sept net loss shrinks 68%, filing says

Marine freight company China COSCO Holdings Co. Ltd. (01919.HK, 601919.CN) said Wednesday its net loss in the first nine months of the year shrank 68.24 percent year on year to 2.03 billion yuan (US$333.12 billion). Operating revenue for the period was down 14.19 percent to 46.08 billion yuan, the company said in a stock exchange filing. Separately, China CSSC Holdings Ltd. (600150.CN), the listed arm of China’s largest shipbuilder, said in a regulatory filing the same day that its net profit in the period was down 97.24 percent year on year while operating revenue was down 34.64 percent.

– Contact HKEJ [email protected]

TL/AC/SK

 

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