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25 September 2022 The on-line newspaper devoted to the world of transports 13:54 GMT+2

September 6, 2022

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Original news
Decline in COSCO Shipping's half-year results International (Hong Kong) Co.

The revenues of the company of the Chinese shipowning group decreased by -19.2%

COSCO Shipping International (Hong Kong) Co., the company which, on behalf of the parent company COSCO Shipping Holdings Co., deals with the provision of services to the ships of the shipowning group Chinese COSCO Shipping, has filed the first half of this year with revenues of 1.80 billion Hong Kong dollars (230 million of US dollars), with a decrease of -19.2% on the first half of 2021, of which 1.52 billion Hong Kong dollars generated from the provision of services to the fleet (-10.1%). Operating profit and pre-tax profit amounted to EUR 126.5 million respectively (-8.1%) and 198.4 million Hong Kong dollars (-0.5%), with contributions € 107.2 million (-23.3%) and € 157.2 million (-11.6%) from services to the fleet. Net profit amounted to EUR 171.1 million (+2,1%).

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