Cosco Shipping H1 Net Profit Up 42%
Cosco Shipping International said its net profit rose 42% in the first half of 2017, thanks to higher net exchange gains and net finance income. In the first half of 2017, the global economy saw an upward trend in growth with improving market confidence. The solid economic and trade growth brought about long-awaited signs of recovery for the shipping industry. The rational competition and cooperation in the shipping industry further facilitated the positive growth momentum in the shipping market. However, the shipping industry will remain subdued by excess shipping capacity for a prolonged period of time. During the period, Cosco Shipping International actively coped with market changes…
HK's COSCO International Reports Strong Profit Growth
For the six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Strong profit growth: profit attributable to the equity holders surged by 45% to HK$190 million. Rebound of 374% YOY in profit contribution from the Group's joint venture, Jotun COSCO. Dividend: the Board has declared an interim dividend of 3 HK cents per share, increased by 50% YOY. Strong cash position: the Group had net cash of HK$6 billion as at 30th June 2014, which will support business expansion in the future. Mr. "With the advantages of strong cash position…
Dockwise Announces Q1 2011 Results
DOCKWISE Ltd today publishes results for the three monthly period ended March 31, 2011. • First payment (USD 35 million) on “T-0”, world’s largest semi-sub heavy lift vessel. • Ongoing optimization of fleet: disposal of MV Explorer. o USD 103 million for execution in 2013 and beyond (USD 76 million at end Q1 2010 for execution in 2012 and beyond). The financial statements have been prepared in accordance with IFRS. * Excludes derecognition MS3 claim Q4 2010 USD 8.7 million. Q1 2010: USD 0.6 million income on debt buy back).
Subsea 7 Inc. Reports 1Q 2009
Subsea 7 Inc. (Oslo Stock Exchange: SUB) reported results for the first quarter of 2009. • Good project execution and profitable in all regions. • Successful completion of a number of projects, including Chevron’s Tombua Landana development. • Awarded contract by Petrobras in Brazil valued at approximately USD 200 million in support of the Tambau Urugua and P-56 developments. The Group’s accounts are prepared in accordance with International Financial Reporting Standards (IFRS). Highlights for the quarter included the successful completions of Venture’s Chestnut P2 development and Ithaca’s Jacky project. Engineering and procurement…
