• 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

Minda Corporation invests 750 million rupees on ne...
Finance and economy
22 Jun 2017 12:06
India to implement new indirect tax system, while ...
Finance and economy
21 Jun 2017 11:30
Japan's steel exports to Mexico grows rapidly in M...
Finance and economy
20 Jun 2017 09:05
Fed raises interest rates will affect metal prices...
Finance and economy
19 Jun 2017 13:32
India's domestic hot rolled steel coil price to st...
Finance and economy
16 Jun 2017 10:41
Most Popular