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COSCO Pacific Sees More Profit in First Half This Year
COSCO Pacific Ltd., a major shipping business company of Chinese mainland listed in Hong Kong, said Thursday, that its net profit rose 21.5 percent to 83.93 million US dollars for the six months through June, from a year earlier.
Basic earnings per share were 3.922 US cents compared with 3.229 US cents previously.
Revenue, meantime, inched up 2.7 percent to 108.35 million US dollars. An interim dividend of 9.5 HK cents a share will be distributed, up from 8.2 HK cents a year earlier.
Merrill Lynch has said that COSCO is one of the potential winners from direct transportation links between Taiwan and the Chinese mainland.
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