Companies
COSCO Pacific net profit up 207% in Q1
(Xinhua)
Updated: 2010-04-28 16:26
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HONG KONG - COSCO Pacific Limited announced Wednesday that its first quarter net profit was up 207 percent year-on-year to $133.247 million.
According to its financial and operational highlights, the first quarter net profit was mainly contributed by disposal of its equity interest in COSCO Logistic of $84.71 million.
Excluding the profit on disposal of COSCO Logistic, the group's first quarter net profit was $48.537 million, an increase of 11.8 percent year-on-year.
As of March 31,2010, the group operated and managed a container fleet of 1,565,291 TEUs, down 3.1 percent compared with 1,615,202 TEUs as of March 31,2009.
