COSCO SHIPPING Ports announces 2019 interim results
COSCO SHIPPING Ports Limited , the world’s leading ports operator, has announced interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2019.
Revenue was US$517.9 million +4.5%yoy
Gross profit was US$153.4 million, -2.6%yoy
Share of profits from JV and associates was US$144.6 million, -4.8%yoy
Profit attributable to equity holders of the Company was US$ 147.8million, -12.5%yoy
Adjusted net profit attributable to equity holders of the Companywas US$176.4 million,+4.4%yoy*
Adjusted earnings per share was US$5.66 cents, +2.4%yoy*
For the sixmonths ended 30June2019, total throughputof the Greater China region increased by3.3% to 46,015,330 TEU (1H2018: 44,558,562 TEU), accounting for 77.0% of the Group’s total.
About COSCO SHIPPING Ports
COSCO SHIPPING Ports Limited is a world’s leading ports operator, with terminals portfolio covering the five main port regions in Mainland China, Southeast Asia,Middle East, Europe, South America and Mediterranean. As at 30 June 2019, CSP operated and managed 288berths at 37ports worldwide, of which 197 were for containers, with a combined annual handling capacity of approximately 110 million TEU. CSP has adopted "The Ports for ALL" as its mission and is working towards building a global terminal network with controlling stake that offers linkage effects on costs, services and synergies, a synergistic platform that offers mutual benefits to all in the shipping industry, connecting global routes and becoming truly "the ports for all people".
