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Cosco Shipping Ports reports strong financial results

Cosco Shipping Ports has achieved increased profits and revenues for both the third quarter and the first nine months of the year. The company's gross profit increased to US$225.8 million from January until 30 September, marking a year-on-year growth of 33.1%. At the same time, gross profit for 2021 third quarter increased by 9.9% YoY to US$77.5 million.

Additionally, Cosco's subsidiary reported revenues of US$295.8 million for the third quarter of the year and US$860.6 million for the first nine months of 2021, marking YoY increases of 9.5% and 19.1% YoY.

At the same time, the total throughput of Cosco Shipping Ports for 2021Q3 was 33.72 million TEU, achieving a slight increase of 0.8% YoY, while the company's total throughput for the first three quarters of the year has been boosted by 5.9% YoY to 96.43 million TEU.

Source: container-news.com


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