Posted on October 31, 2023
COSCO SHIPPING Ports Limited (CSP) has announced third quarter results of the company and its subsidiaries for the three months and nine months ended 30 September 2023.
COSCO SHIPPING Ports’ total throughput for the third quarter increased by 4.1 per cent year-on-year (YoY) to 35.6 million TEU. Equity throughput increased by 2.7 per cent YoY to 11.4 million TEU.
Total throughput from subsidiaries fell by 3.4 per cent to 8.2 million TEU. The company’s revenue climbed by 2.7 per cent YoY to $358.9 million. Profit attributable to the company’s equity investors fell by 4.0 per cent YoY to $83.3 million.
Furthermore, total throughput for the first nine months of 2023 increased by 2.8 per cent YoY to 100.1 million TEU.
To 32.1 million TEU, equity throughput climbed 1.8 per cent YoY. The total throughput from subsidiaries fell 5.1 per cent to 22.9 million TEU.
Overall, CSP’s revenue fell 0.6 per cent YoY to $1 million. Profit attributable to the company’s equity investors fell 11.7 per cent YoY to $233.6 million.