China Cosco swings to 2010 net income of 6.86B yuan from loss of 7.47B yuan in 2009 as revenues rise 40.9% year-over-year to 96.44B yuan

Lorena Madrigal

Lorena Madrigal

Mar 29, 2011 – China COSCO Holdings

HONG KONG , March 29, 2011 (press release) – FINANCIAL HIGHLIGHTS:

•    Revenues of the Group for 2010 were RMB96,438,544,000, representing an increase of RMB27,976,030,000 (or 40.9%) as compared to 2009.
• Profit attributable to equity holders of the Company for 2010 was RMB6,858,465,000 as compared to loss attributable to equity holders of the Company amounted to RMB7,467,812,000 of 2009.
•    The basic and diluted profit per share for the year of 2010 amounted to RMB0.6713 and RMB0.6713 respectively.
•    The Board recommends the distribution of a final dividend of RMB0.09 per Share for the year of 2010.

The board of directors (the “Board”) of China COSCO Holdings Company Limited (“China COSCO” or the “Company”) is pleased to announce the results of the Company and its subsidiaries (collectively, the “Group”) for the year ended 31 December 2010, together with the comparative figures for the year ended 31 December 2009, which have been prepared in accordance with the Hong Kong Financial Reporting Standards (“HKFRSs”).
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