share_log

Cosco Shipping 2019 Net Profit Surged

Dow Jones Newswires ·  Mar 30, 2020 21:11

*DJ Cosco Shipping Holdings 2019 Net CNY6.69B >1919.HK

(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)

March 30, 2020 20:59 ET (00:59 GMT)

*DJ Cosco Shipping Holdings 2019 Rev CNY150.54B >1919.HK

(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)

March 30, 2020 20:59 ET (00:59 GMT)

DJ Cosco Shipping 2019 Net Profit Surged

By Justina Lee

Cosco Shipping Holdings Co. net profit surged in 2019, helped by higher contributions from its container shipping business.

The company's net profit rose to 6.69 billion yuan ($942.2 million) from CNY1.23 billion a year earlier, it said Monday after market close.

Revenue climbed to CNY150.54 billion from CNY120.34 billion.

Cosco Shipping didn't propose a final dividend for 2019.

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

March 30, 2020 21:11 ET (01:11 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment