COSCO SHIPPING Ports announces results for 2017
The board of directors of COSCO SHIPPING Ports Limited has announced the consolidated results of the Company and its subsidiaries for the year ended 31 December 2017.
The Group has achieved a total throughput of 100,202,185 TEU in 2017, total equity throughput was 31,999,491 TEU. Excluding the throughput of Qingdao Port International Co., Ltd., the throughput increased by 13.4% to 87,932,185 TEU (2016 : 77,572,219 TEU), equity throughput increased by 11.0% to 29,740,584 TEU (2016 : 26,798,320 TEU)
In May 2017, the Group completed the subscription of non - circulating domestic shares in QPI and the disposal of equity interests in Qingdao Qianwan Container Terminal Co., Ltd. (“Qingdao Qianwan Terminal”), recording profit after tax from one - off exceptional items Note 2 totalling US$285,392,000.
