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17 May 2021 The on-line newspaper devoted to the world of transports 03:00 GMT+2

March 8, 2021

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COSCO Group announces preliminary result for shareholders for 2020 up by +46.8%

Net of non-recurring charges and income, the increase is by +505.1%

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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