Cosco had a 2013 operating loss of more than USD 1.1 billion
If not for USD 1.5 billion in one-off item profits from the sale of assets to its parent company, China's largest state-owned shipping group would have been de-listed from the Shanghai Stock Exchange.
BY OLE ANDERSEN
China Cosco would have lost around USD 1.1 billion in 2013 if the giant Chinese shipping group conglomerate had not - according to Alphaliner - divested assets for USD 1.3 billion in various related party transactions over the past year.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Cosco to scrap 41 ships
For subscribers
Money gushing out of Cosco container carrier
For subscribers
