Subscribe to RSS feedChina Cosco could face US$735m loss
China Cosco Holdings, the listed arm of China’s largest shipping company China Ocean Shipping (Group), could post a full-year net loss of around Yuan5bn (US$735m).
Profit warning: China Cosco expects full-year net loss
In issuing a profit warning, China Cosco Holdings indicated that the company would post a full-year net loss for 2009.
Pointing to the impact of the global economic downturn on its liner shipping and bulk operations, the company said the operations...
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