Cosco reports record 2022 interim results

Cosco Shipping Holdings recorded EBIT of US$13.6 million

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.

In 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.com


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