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26 September 2020 The on-line newspaper devoted to the world of transports 04:55 GMT+2

August 27, 2020

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Original news
CosCO Shipping Ports' revenues in the second quarter were decreased by -14.1%

Net profit fell by -31.6%

In the second quarter of this year, the period in which container traffic handled by the group's port terminals China fell -3.2% to 24.8 million teu ( 15 July 2020), COSCO Shipping Ports reported revenues of 232.1 million dollars, down -14.1% on the period April-June 2019. Operating costs decreased by 4.5% 178.6 million dollars. Operating and profit 38.9 million and 76.3 million, respectively, usd 37.4% and -31.6%.

In the first half of 2020, revenues amounted to 452.7 million dollars, down -12.6% in the first half of the year last year. Operating costs amounted to 353.5 million (-3.0%), operating profit at 123.7 million U.S. dollars (21.9%) net profit at 171.5 million dollars (-0.3%).

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