COSCO Shipping Co said its net profit for 2007 surged 84.29 pct year-on-year to 1.07 bln yuan on the back of higher revenue from its cargo shipping business.
Total operating revenue reached 5.33 bln yuan, up 38.29 pct from 2006, with revenue from its main business -- shipping via multi-purpose vessels -- up 36.89 pct at 3.17 bln yuan. Earnings per share stood at 1.64 yuan, up from 0.89 yuan a year earlier.
The firm, which mainly offers shipping services for special cargo, did not provide a forecast for its net profit this year.
Total assets stood at more than 5 bln yuan at the end of last year, compared with 4.19 bln at the end of 2006.
Total operating revenue reached 5.33 bln yuan, up 38.29 pct from 2006, with revenue from its main business -- shipping via multi-purpose vessels -- up 36.89 pct at 3.17 bln yuan. Earnings per share stood at 1.64 yuan, up from 0.89 yuan a year earlier.
The firm, which mainly offers shipping services for special cargo, did not provide a forecast for its net profit this year.
Total assets stood at more than 5 bln yuan at the end of last year, compared with 4.19 bln at the end of 2006.