• 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

Taiwan’s Feng Hsin announces pre-tax profit of NT$...
Finance and economy
07 Dec 2016 12:00
Voestalpine AG announces its net profit up by more...
Finance and economy
06 Dec 2016 11:46
Germany ThyssenKrupp announces its sales performan...
Finance and economy
06 Dec 2016 11:30
US economy better than forecast will push steel ma...
Finance and economy
25 Nov 2016 11:41
AK Steel Q3 revenues drop by 2.6% ...
Finance and economy
22 Nov 2016 12:04
Most Popular