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COSCO International announces 2013 interim results
Updated Time: 2013-08-21Page Views:

On 20th August 2013, COSCO International announced 2013 interim results, and held 2013 interim results press conference and analyst meeting. Mr. Ye Weilong, Chairman of COSCO International, Mr. Zhang Liang, Vice Chairman of COSCO International, Mr. Xu Zhengjun, Managing Director of COSCO International, other directors and senior management of the Company attended the meetings.

The profit attributable to equity holders of the Company for the first half of 2013 was HK$131 million,  maintained flat as compared with that in the second half of 2012. Basic earnings per share was HK$0.0865. The board of Directors declared an interim dividend of HK$0.02. As of 30th June 2013, COSCO International had a strong financial position with net cash of HK$5.74 billion to support potential acquisitions in future.

Looking ahead, COSCO International will push forward the development of existing and new businesses steadily, on the basis of strict control on various operational risks. By adhering to the establish strategic development plan, COSCO International will make good use of the cash on hand and continue to proactively hunt for opportunities to advance the establishment of a global sales and services network and the acquisitions of shipping service-related projects inside and outside COSCO Group. At the same time, the Company will actively study the exploration into the upstream and downstream businesses along the value chain of existing businesses. By the corporate vision of becoming a global leading one-stop shipping service provider, COSCO International will strive to create the greatest returns for the shareholders.


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