COSCO Pacific Q1 profit spikes
Hong Kong-based terminal operator COSCO Pacific saw first quarter operating profit rise 49.8 percent to $31.3 million.
Revenue increased 43.7 percent to $1.1 billion as container volume at its global terminals rose 19 percent to 10.6 million TEUs.
COSCO Pacific is a subsidiary of the state-owned China COSCO Group and is the fourth-largest global container terminal operator.
COSCO Pacific Q1 profit spikes
