Subscribe to RSS feedChina Cosco issues new profit warning
by
Hui Ching-hoo, Hong Kong
—
last modified
Dec 24, 2009 10:56 AM
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).
China Cosco Holdings issued a profit warning, indicating 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: “Under the influence...
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