The specialist heavy lift owner and operator reported a profit of RMB3.32m ($492,580) for the quarter ended 30 September 2016, down 90.9% from RMB36.61m in the same period of 2015.
Third quarter revenue went down by 19.4% year-on-year to RMB431.51m.
Coscol attributed the poor set of results to the continued slump in the international shipping market on the back of slow growth of the global economy.
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