COSCO International announces 2012 annual results
On 21st March 2013, COSCO International aannounced 2012 annual results, and held 2012 annual results press conference and analyst meeting, said in the company's press release. Mr. Ye Weilong, Chairman of COSCO International, Mr. Zhang Liang, Vice Chairman of COSCO International, Mr. Xu Zhengjun, Managing Director of COSCO International and other senior management of the Company attended the meetings.
In 2012, the profit attributable to equity holders of the Company slightly declined by 7% to 363,006,000 as compared with 2011. Basic earnings per share was HK$0.24. The Board has recommended a final dividend of HK$0.06 per share. Together with the interim dividend of 2 HK cents per share, total dividends of HK$0.08 per share represented a dividend payout ratio of 33%. As of 31st December 2012, COSCO International had a strong financial position with net cash of HK$5.82 billion to support future development.
