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20 February 2020 The on-line newspaper devoted to the world of transports 22:18 GMT+1

January 23, 2020

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COSCO Shipping and CIMC Announce Profit Size expected for the 2019 financial year

The owner-to-own group expects substantial growth, while the container manufacturer is predicting a significant drop in Result

Chinese shipping group COSCO Shipping Holdings expects to close the year 5.53 billion yuan (801 million yuan) USD), an increase of 349% compared to 1.23 billion yuan in 2018. In addition, a profit, net of 1.39 billion yuan(630%) of non-ordinary components.

China's China International Marine Containers (Group) Co. (CIMC), a company mainly active in construction containers and related services, today it has released a expected profit for 2019 by announcing that it expects to net income attributable to shareholders including a net profit for the year between 1.30 billion and 1.80 billion yuan, significantly lower than 2018, which amounted to 3.38 billion yuan.

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