COSCO reports record 2022 interim results
The listed companies under COSCO SHIPPING have recently announced their 2022 interim results with COSCO SHIPPING Holdings achieving the best performance in history for the first half of the year.
COSCO SHIPPING Holdings recorded an EBIT of US$13.6 million, representing a huge year-over-year increase of 92.2%, and realised a total pre-tax profit of US$13.4 million, a year-over-year increase of 95.83%.
Additionally, the company's net profit attributable to equity holders reached US$9.2 million, translating to a year-over-year increase of 74.46%, which is also a historical high.
During the same period, COSCO's port and terminal operator, COSCO SHIPPING Ports also achieved increased financial and operating results.
The company's revenue grew by 24.7% to US$704.6 million, gross profit climbed by 33.3% to US$197.7 million, and the total container throughput rose 5.3% to approximately 20.5 million TEU.
Source: Container News
Related News
05/05
2026
The revised surcharge will take effect from June 1, 2026 (based on gate-in date) and will remain applicable until further notice.
25/03
2026
The global aviation industry is facing a new wave of disruption as ongoing tensions in the Middle East continue to put pressure on jet fuel costs, flight operations, and the overall stability of international air networks. The impact is no longer limited to routes passing directly through conflict-affected areas. Instead, it is now spreading across multiple markets, driving higher airfares while also increasing the risk of flight delays and cancellations on a broader scale.
12/03
2026
Amid the sharp rise in global fuel prices since early March 2026, driven by ongoing geopolitical tensions in the Near and Middle East, bunker costs across the ocean shipping industry have increased significantly on most trade lanes.