13.1 C
Hamburg
Thursday, June 5, 2025
Home News COSCO reports record 2022 interim results

COSCO reports record 2022 interim results

The listed companies under COSCO SHIPPING have recently announced their 2022 interim results with COSCO SHIPPING Holdings achieving the best performance in history for the first half of the year.

COSCO SHIPPING Holdings recorded an EBIT of US$13.6 million, representing a huge year-over-year increase of 92.2%, and realised a total pre-tax profit of US$13.4 million, a year-over-year increase of 95.83%.

Additionally, the company’s net profit attributable to equity holders reached US$9.2 million, translating to a year-over-year increase of 74.46%, which is also a historical high.

During the same period, COSCO’s port and terminal operator, COSCO SHIPPING Ports also achieved increased financial and operating results.

The company’s revenue grew by 24.7% to US$704.6 million, gross profit climbed by 33.3% to US$197.7 million, and the total container throughput rose 5.3% to approximately 20.5 million TEU.





Antonis Karamalegkos
Managing Editor

Latest Posts

We Asked AI: AI robots handling shipping operations

Artificial intelligence robots are increasingly being used to control and optimize shipping operations across global ports and logistics hubs. These advanced systems manage tasks such...

China’s military posturing affects shipping realignments in Indian Ocean

As China continues its assertive military drills across key Indo-Pacific maritime routes, ripples of geopolitical tension intersect with dramatic shifts in maritime trade logistics. The...

MAN Energy Solutions rebrands as Everllence

MAN Energy Solutions has officially rebranded to Everllence, marking a pivotal step in the company’s strategic evolution. The new global identity underscores its expanding role...

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...
error: Content is protected !!