COSCO issues profit warning for 2012

· Monday, January 28, 2013

In a statement to the Hong Kong Stock Exchange, China COSCO Holdings Co. Ltd. warned that it expects “to record a significant net loss” for 2012, in contrast to its profit of 10.4 billion Chinese yuan renminbi ($1.7 billion) in 2011.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.