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2010 August 27   08:48

China COSCO H1 net profit up to 3.45 bln yuan

Six months ended June 30, 2010

 (in million yuan unless stated)

 Shr (yuan)              0.3373 gain     vs 0.4505 loss

 Interim Div (yuan)      nil             vs nil

 Net                     3,445.95 profit vs 4,602.12 loss

 Revenue                 45,547.58       vs 29,295.57

Hong Kong-listed China COSCO  is a global provider of integrated container shipping services to international and domestic customers.

The calculation of share earnings is based on the weighted average of 10,216.27 million shares in issue during the two years.

The consensus (mean) forecast, according to a poll by Thomson Reuters I/B/E/S, was for net profit of 3.49 billion yuan for the first half ended June 2010.

The figures are prepared in accordance with International Accounting Standards.

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