25 August 2019

COSCO International net profit down 33.4% in 2013, filing says

COSCO International Holdings Ltd. (00517.HK) said in a stock exchange filing on Thursday its 2013 net profit fell 33.44 percent to HK$241.61 million (US$31.12 million) from the previous year. Revenue was down 7 percent at HK$9.31 billion, while basic earnings per share decreased to 15.96 HK cents from 23.98 HK cents. The board recommended a final dividend of 3.5 HK cents per share. The results were better than expected despite weak demand and relatively lower cash deposit rates, among other adverse factors, the company said in an emailed statement.

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