COSCO SHIPPING Q3 Operating Profit More Than Doubles [Yahoo! Finance News]
COSCO SHP HLDG UNSP/ADR (CICOY)
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Source: Yahoo! Finance News
COSCO SHIPPING Q3 Operating Profit More Than Doubles COSCO SHIPPING Holdings Co. Ltd. HK:1919) reported operating profit of 1.57 billion yuan renminbi $221 million) in the third quarter of 2019, more than double the 600 million yuan earned in the third quarter of 2018. Net profit amounted to 1.356 billion yuan in the third quarter of 2019, about the same as the 1.36 billion yuan profit in the third quarter of 2018. Total revenue from operations in the third quarter of 2019 amounted to 39.51 billion yuan, compared with 37.05 billion yuan in the same period last year. COSCO SHIPPING Holdings is the parent of COSCO SHIPPING Lines as well as the owner of 75% of Orient Overseas International) Ltd. OOIL), the parent company of Orient Overseas Container Line OOCL). COSCO SHIPPING Holdings acquired OOIL last year. Combined, they are the third-largest container shipping company in the world after Maersk and Mediterranean Shipping Co., according to Alphaliner COSCO SHIPPING Holding said as of S
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