• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

China COSCO faces huge losses in 2011

  • A
  • A
  • A
China COSCO Holdings Company Limited (China COSCO) announced its 2011 financial report.

The company’s 2011 income was at RMB68.9 billion, decreasing by 14.5 % from a year earlier. Its parent net profit was minus RMB104.5 billion, slumping by 254.4% from the previous year.

The company stated that the unbalanced shipping market, weak shipping demands and surged oil prices were the major reasons to cause the loss in 2011.
News Date 05 Apr 2012 14:43:54 reported by Ruth Wang

Russian TMK announces net loss in Q3 this year...
Finance and economy
26 Nov 2015 09:28
USS announces temporary close its Grani city mill...
Finance and economy
25 Nov 2015 14:26
Gerdau’s sales revenue decreases in Jan-Sep...
Finance and economy
19 Nov 2015 11:45
Jindal Stainless sets to cut debt by 64%...
Finance and economy
19 Nov 2015 08:50
Germany Salzgitter’s net profit rose in January-Se...
Finance and economy
16 Nov 2015 10:44
Most Popular