Subscribe to RSS feedChina Cosco is braced for loss
CHINA Cosco Holdings, the Hong Kong-listed liner and dry bulk shipping subsidiary of China’s largest shipping company, warned it is likely to plunge into the red when it reports its first half results for this year in the next few weeks.
The company did not quantify the expected net loss. In the same period last year, the company posted a Yuan15.1bn (US$2.2bn) net profit.
Macquarie Research analyst Jon Windham forecast China Cosco Holdings would post a Yuan4.3bn net loss for...
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