Cosco shipping line reports net profit of 11.43 million, and it is expected to remain profitable in the first three seasons
Sources of information: Qingdao Jinhan International Logistics
Date Time: 2014-11-07
Cosco shipping disclosure half annals on August 25th evening that, the first implementation of the company’ income is 3.572 billion yuan, fell 1.6% compared with last year;Net profit 11.4377 million yuan attributables to shareholders of listed companies. The loss of last year at same time is 78.0231 million yuan. Basic earnings per share is 0.007 yuan.In the first half of the declining in revenue mainly due to new shipbuilding operating time delay as well as it is reduced in scale shipping management caused by Cosco shipping.
According to the influence of low international shipping market of the special part of the cargo transport market segment the lack of supply of goods, freight keeps low. The company continued to strengthen efforts in marketing sales, to carry out the strategy of transformation and upgrading, strictly implement the budget management and management benefit in the second quarter of profit is realized.In the second half, with the company's various measures to steadily push forward, it is expected to remain profitable till to next reporting period the company .