From January to September, the heavy lift arm of China’s Cosco Group recorded a profit of RMB366.08m ($57.67m), a surge of 90.9% compared to the gain of RMB191.78m in the same period of last year.
However, the nine-month profit was a decrease from the first half profit of RMB391.8m, pointing to a disappointing third quarter earnings.
The brief set of financial results released by Shanghai-listed Coscol did not reveal figures for the third quarter of this year.
Revenue in the first nine months dipped by 2.2% year-on-year to RMB5.35bn.
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