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China COSCO expects 2009 net loss

Hong Kong: China COSCO Holdings Co Ltd, the largest shipping company in China, has issued a profit warning statement regarding its annual results this year. The company said in the statement filed with the Hong Kong Stock Exchange that it is expected to record a loss for the year ending December 31, 2009. ?For the first three quarters of this year, China COSCO posted RMB 5.31bn in net loss.  [16/12/09]

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