Large Medium Small |
BEIJING - China COSCO Holdings Co, China's largest shipping line, said Saturday it may swing back to profit in the first half as its shipping business recovered.
The company's exact first-half profit, revenues and other financial data will not be available until August 26 when its first-half report is due.
The listed arm of China Ocean Shipping (Group) Co, the company posted a 4.62 billion yuan ($689 million) loss in the first half of 2009 as the financial crisis took its toll.
The company is the world's second biggest shipping company by capacity.
Its A-share price rose 1.48 percent to 8.92 yuan Friday.