HONG KONG, March 20, 2014 /PRNewswire/ --
Financial Summary
For the year ended/as at 31st December | 2013 (HK$ mn) | 2012 (HK$ mn) | Change (%) |
Revenue | 9,308 | 10,006 | -7% |
Gross profit | 694 | 686 | +1% |
Profit attributable to equity holders | 242 | 363 | -33% |
Basic earnings per share (HK cents) | 15.96 | 23.98 | -33% |
Net cash | 6,268 | 5,821 | +8% |
Results Highlights
Business Development Highlights
Business Review
Outlook
Mr. Sun Jiakang, Chairman of the Board of COSCO International, commented, "Looking forward, with strong financial strength, experienced professionals and global service network, COSCO International's shipping services will see more opportunities. For existing businesses, we will fully capitalise on the implementation of centralised procurement as well as the advantages of business scale and expertise of COSCO fleet, to secure favorable terms from more manufacturers, therefore developing more customers outside COSCO Group. Meanwhile, we will further promote business transformation and upgrading of shipping service business segments, through utilizing our global business network, offering high quality services and products with core competitiveness. For the new business development, COSCO International will proactively push forward the establishment of global sales and services network and step up effort to seek possible acquisitions of shipping service-related projects inside and outside COSCO Group, and at the same time actively study the possibility of extension of upstream and downstream businesses along the industry value chain of existing shipping services. We will strive to become a global leading one-stop shipping service provider, therefore creating the greatest returns for our shareholders."
Editorial Note
The announcement of 2013 annual results is available on the website of the SEHK (www.hkexnews.hk) and the Company's website (www.coscointl.com). A webcast replay of the 2013 annual results analyst meeting will be available at the Company's website after 10:00pm, 20th March 2014.
Company Background
COSCO International Holdings Limited ("COSCO International") is listed on the main board of The Stock Exchange of Hong Kong Limited. Its stock code is 00517. COSCO International is a constituent of Hang Seng Corporate Sustainability Benchmark Index. In recent years, COSCO International has focused its strategic business position on the development of the shipping services business. It aims to become a global leading one-stop shipping services provider, offering professional services to shipowners worldwide. Its core businesses include ship trading agency, marine insurance brokerage, supply of marine equipment and spare parts, production and sale of coatings and trading and supply of marine fuel and related products. The headquarters of COSCO International is in Hong Kong and its businesses network cover China Mainland & Hong Kong, Singapore, Japan, and Germany, etc. COSCO International is a listed company owned by COSCO (Hong Kong) Group Limited, which is a wholly-owned subsidiary of China Ocean Shipping (Group) Company ("COSCO"). COSCO is one of the major multinational conglomerates in the world, which focuses mainly on shipping, logistics, and ship building and repairing businesses as well as other shipping related businesses.
For enquiries, please contact:
Investor Relations Department of COSCO International
Yang Ling, General Manager Tel: (852) 2809 7810 Fax: (852) 8169 0678 Email: yangl@coscointl.com | Candy Cheung, Deputy General Manager Tel: (852) 2809 7706 Fax: (852) 8169 0678 Email: cheungky@coscointl.com | Crystal Lu, Senior Officer Tel: (852) 2809 7820 Fax: (852) 8169 0678 Email: lul@coscointl.com |
PR China Limited Henry Chik/ David Shiu/ Karl Cheung Tel : (852) 2522 1838/ 2522 1368/ 2521 2823 Fax: (852) 2521 9955 Email: hchik@prchina.com.hk / dshiu@prchina.com.hk / kcheung@prchina.com.hk |