Container terminal operator Cosco Pacific posted stronger first-half results from increased business at its container terminal operations, Seatrade Asia online reports. The Hong Kong-listed firm's first-half net profit rose to $237m, up 24.8% from $189.9m in the same period of last year.
Revenue was recorded at $278.7m in the period compared with $222.7m a year earlier.
Cosco Pacific handled higher throughput of container terminals reached 24.2m teu in the first six months, representing a 19.7% increase from 20.3m teu in the corresponding period of last year.
Despite the uncertainties in the global economic outlook, the company expects a steady growth of container throughput in the second-half of the year.
Revenue was recorded at $278.7m in the period compared with $222.7m a year earlier.
Cosco Pacific handled higher throughput of container terminals reached 24.2m teu in the first six months, representing a 19.7% increase from 20.3m teu in the corresponding period of last year.
Despite the uncertainties in the global economic outlook, the company expects a steady growth of container throughput in the second-half of the year.