According to preliminary financial results, Cosco Shipping Holdings has recorded earnings before interest and taxes (EBIT) of US$2.3 billion during the first quarter of 2025, representing an impressive 66% increase over the same period last year.
In the same period, the company’s net profit attributable to shareholders is expected to reach US$1.8 billion, translating to a growth of 73% year-on-year, according to DynaLiners report.
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Cosco’s...
COSCO SHIPPING Holdings reported a doubling of annual profits, achieving an operating revenue of RMB 233.86 billion (US$32.3 billion) in 2024, representing a 33.3% year-on-year increase.
Additionally, the company’s Earnings Before Interest and Taxes (EBIT) reached RMB 69.95 billion (US$9.65 billion), representing an increase of 90.8% year-on-year, the net profit was approximately RMB55.40 billion (US$7.6 billion), translating to 95% growth, and the net profit attributable to the shareholders...
La línea de envío de contenedores más grande de China vio ganancias masivas en ingresos y ganancias en 2024. Cosco Shipping Holdings reportó ingresos operativos de $ 33.29 mil millones en 2024, un aumento del 33.29% respecto al año anterior. El cuarto transportista de contenedores más grande del...
China’s largest container shipping line saw massive gains in revenue and profits in 2024.
Cosco Shipping Holdings reported operating revenue of $33.29 billion in 2024, an increase of 33.29% from the previous year.
The world’s fourth-largest container carrier (OTC: CICOF) said earnings before interest and taxes (EBIT) totaled $9.79 billion, an increase of 90.74% year over year.
Net profit soared by 95% to $7.75 billion, while net profit attributable to shareholders was $6.87 billion, an increase...
Cosco Shipping Holdings has received shareholder approval to order a series of twelve methanol-fuelled container ships of 14,000 TEU capacity.
The delivery of the vessels is expected to commence in mid-2027 and be completed by early 2029, while the cost of every boxship is estimated at US$179.5 million.
The vessels will be built by the Chinese shipyard Cosco Shipping Heavy Industry (Yangzhu).
https://container-news.com/cosco-orders-twelve-14000-teu-methanol-vessels/
Η συνολική διακίνηση των λιμένων της CSH έφτασε τα 107,3 εκατ. teu, παρουσιάζοντας αύξηση 7,1% σε ετήσια βάση, οδηγώντας σε έσοδα 7,9 δισ. γουάν, σημειώνοντας αύξηση 6,5% σε σχέση με το σε σχέση με το προηγούμενο έτος
Το παγκόσμιο βιβλίο παραγγελιών πλοίων μεταφοράς εμπορευματοκιβωτίων έχει φτάσει τα 179 πλοία από την αρχή του έτους
COSCO Shipping Holdings estimates that it suffered significant decreases in profit in the first half of 2023, compared with the same period last year.
According to the Japan International Freight Forwarders Association (JIFFA), it is expected that the company’s Earnings Before Interest and Taxes (EBIT) plunged 74.1% year-on-year to US$3.4 billion and net profit declined by 74.4% to US$2.7 billion.
Additionally, in the second quarter of the year, it is estimated that COSCO’s EBIT reached US$1.9...
https://container-news.com/coscos-financial-figures-plunge-in-2023/
COSCO Shipping Holdings has agreed to acquire a 5.8% stake in COFCO Fortune, a food processing and transportation subsidiary of the Chinese state agricultural conglomerate COFCO, for US$814 million.
The transaction is part of a COFCO Fortune capital enhancement strategy, according to a recent stock exchange filing by COSCO SHIPPING Holdings.
Meanwhile, COFCO and other parts of the company will maintain a combined 69.8% ownership in COFCO Fortune following the conclusion of the capital raising...
https://container-news.com/cosco-pays-over-us800-million-for-minority-stake-in-cofco-fortune/
The Chinese shipping giant COSCO SHIPPING Holdings has announced that its net profit attributable to equity holders for the first half of the year is expected to be approximately US$9.6 billion, translating to a 74.45% increase compared to the same period of 2021.
At the same time, the company’s earnings before interest and taxes (EBIT) for the first six months of 2022 are expected to reach US$14 billion, marking an outstanding growth of 92% year-over-year.
“In the first half of 2022, the supply...
https://container-news.com/coscos-net-profit-skyrockets-by-over-74/