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Coscol narrows first quarter loss
Cosco Shipping Co Ltd (Coscol) has managed to narrow its losses in the first quarter ended 31 March 2014 even as revenue fell.
1 Min Read
Kalyakan - stock.adobe.com
The heavy lift arm of China's Cosco Group reported a first quarter net loss of RMB13.1m ($2.1m) compared to a deficit of RMB45m in the corresponding period of last year.
The Shanghai-listed company posted revenue of RMB1.67bn compared to RMB1.74bn a year ago.
In 2013, Coscol booked a profit of RMB31.49m, reversing from a loss of RMB66.42 in 2012.
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