Subscribe to RSS feedCosco prepares to post half-yearly loss
China Cosco Holdings, the Hong Kong-listed liner and dry bulk shipping subsidiary of China’s largest shipping company, has warned it is likely to return red numbers when it reports its 2009 first half results in the next few weeks.
The company did not quantify the expected 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 the first half of...
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