COSCO reports record 2022 interim results

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