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COSCO Shipping Ports’ Profit, Revenue Jump in 3Q

October 30, 2018

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For the quarter, the company’s revenue jumped by 62.6 percent to USD 253 million from USD 155.6 million, as profit attributable to equity holders increased by 11.8 percent to USD 75.1 million from USD 67.2 million.

Due to a slowdown in throughput growth of the group’s non-controlling terminal companies, COSCO Shipping Ports handled a total of 30.8 million TEU, representing an increase of 11.1 percent compared to 27.7 million TEU reported in the third quarter of 2017.

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