COSCO Pacific sees sizable 1Q profit growth

Asia

Wednesday, April 25, 2012

The terminal operator COSCO Pacific said its operating profit grew 40.9 percent year-on-year in the first quarter of 2012 to $57 million. COSCO’s revenue grew 33.5 percent to $174 million. Container throughput at terminals in which COSCO has a stake increased 11.5 percent to 12.8 million in the first quarter. COSCO is a subsidiary of the state-owned China COSCO Group, and includes container leasing and manufacturing divisions. — Eric Johnson ...

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