COSCO Pacific Sees More Profit in First Half This Year

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Friday, September 07, 2001, updated at 13:48(GMT+8)

Business

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 on Thursday, that its net profit rose 21.5 percent to US$83.93 million 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 US$108.35 million. 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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	COSCO Pacific Ltd., a major shipping business company of Chinese mainland listed in Hong Kong, said on Thursday, that its net profit rose 21.5 percent to US$83.93 million for the six months through June, from a year earlier.




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