HONG KONG, August 19, 2014 /PRNewswire/ --
Financial Summary
For the six months ended/as at 30th June | 2014 (HK$ mn) | 2013 (HK$ mn) | Changes (%) |
Revenue | 4,740 | 4,461 | +6% |
Gross profit | 424 | 328 | +29% |
Operating profit | 151 | 129 | +17% |
Profit attributable to equity holders | 190 | 131 | +45% |
Basic earnings per share (HK cents) | 12.57 | 8.65 | +45% |
Interim dividend per share (HK cents) | 3.00 | 2.00 | +50% |
Results Highlights
Business Development Highlights
Business Review
Outlook
Mr. Sun Jiakang, Chairman of the Board of COSCO International, commented, "With the advantages of strong cash position, experienced professionals and a global service network, COSCO International will be seeing more development opportunities in existing and new business areas. As for existing business, COSCO International will ensure the steady growth of shipping services business segments, and, at the same time, deepen corporate transformation and upgrade so as to strengthen and improve the profitability of core business. As for expansion into new business, COSCO International will seize opportunities to further improve the construction of a global sales and service network, actively study on the new business development in shipping services related areas, as well as the upstream and downstream alongh the value chain of existing businesses. With the full support from COSCO Group, the Company will make every effort to achieve a leap in the business development as soon as possible, and create great returns for shareholders."
Editorial Note
The announcement of 2014 interim results is available on the website of the SEHK (www.hkexnews.hk) and the Company's website (www.coscointl.com). A webcast replay of the 2014 interim results analyst meeting will be available at the Company's website after 10:00pm, 19th August 2014.
Company Background
COSCO International Holdings Limited ("COSCO International") is listed on the main board of The Stock Exchange of Hong Kong Limited. Its stock code is 00517. COSCO International is a constituent of Hang Seng Corporate Sustainability Benchmark Index. In recent years, COSCO International has focused its strategic business position on the development of the shipping services business. It aims to become a global leading one'stop shipping services provider, offering professional services to shipowners worldwide. Its core businesses include ship trading agency, marine insurance brokerage, supply of marine equipment and spare parts, production and sale of coatings and trading and supply of marine fuel and related products. The headquarters of COSCO International is in Hong Kong and its businesses network cover China Mainland & Hong Kong, Singapore, Japan, Germany and the USA, etc. COSCO International is a listed company owned by COSCO (Hong Kong) Group Limited, which is a wholly-owned subsidiary of China Ocean Shipping (Group) Company ("COSCO"). COSCO Group is one of the major multinational conglomerates in the world, which focuses mainly on shipping, logistics, and ship building and repairing businesses as well as other shipping related businesses.
For enquiries, please contact:
Investor Relations Department of COSCO International
Yang Ling, General Manager Tel: (852) 2809 7810 Fax: (852) 8169 0678 Email: yangl@coscointl.com | Candy Cheung, Deputy General Manager Tel: (852) 2809 7706 Fax: (852) 8169 0678 Email: cheungky@coscointl.com | Crystal Lu, Senior Officer Tel: (852) 2809 7820 Fax: (852) 8169 0678 Email: lul@coscointl.com |
PR China Limited Henry Chik / Vivian Cheung / Ivy Lu Tel: (852) 2522 1838 / 2522 1368 / 2521 2823 Email: hchik@prchina.com.hk / vcheung@prchina.com.hk / ilu@prchina.com.hk |