COSCO Shipping Ports announced decreased revenue for first six months of 2023
COSCO Shipping Ports Limited announced interim results of the Company and its subsidiaries for the 6 months ended 30 June 2023.
More specifically,total throughput increased by 2.2%year on year to 64,572,872 TEUs,equity throughput increased by 1.3%year on year to 20,751,365 TEUs.
Also,revenue decreased by 2.2%year on year to US$688.9 million,while gross profit also decreased by 2.0%year on year to US$193.8 million.
Share of profits from joint ventures and associates decreased by 4.1%year on year to US$153.6 million.Profit attributable to equity holders of the Company decreased by 15.4%year on year to US$150.3 million
Finally,declared a first interim dividend of US$1.744 cents per share,a decrease of 18.1%year on year.