Cosco reports Q3 net profit

2007-11-5

Cosco Holdings said its net profit in the third quarter of 2007 came to 664.09 million yuan (US$88.8 million) amounting to 1.52 billion yuan in net earnings for the first nine months of the year.

The company, which is the parent of Cosco Container Lines, reported that revenue from its container shipping business surged 21.8 percent to 11.22 billion yuan in Q3 compared to 9.21 billion yuan year-on-year.

Source: GCTL
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