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Cosco's container business triples profit after acquisition

With a significant boost from the acquisition of OOIL, Cosco almost triples the result of its container and terminal business in the first quarter of the year, in which revenue also grew significantly. Find the full earnings report here.

Photo: Bloomberg

China's Cosco finished the first quarter of the year with a net result of CNY 687 million (USD 102 million) in its container and terminal business, Cosco Shipping Holdings, shows the latest earnings report from the state-owned shipping company.

The result corresponds to an increase of 280 percent compared to the same period last year, where Cosco Shipping Holdings booked a net result of CNY 181 million.

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