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COSCO Pacific included in "Forbes Global 2000" for three consecutive years

Date:2007-04-16     Publish:本站

COSCO Pacific wins \"Best Corporate Governance Awards 2007\" from The Asset magazine
 

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United States financial magazine \"Forbes\" selected \"The Forbes Global 2000\"in the latest issue on 16 April 2007. COSCO Pacific has been selected as one of the Forbes Global 2000 companies for three consecutive years, with the results in 2005: turnover of US$297 million, profits of US$336 million, net asset value of US$28.55 billion and market capitalization of US$ 5.972 billion (market capitalization on 28th February 2007), with the ranking of 1706th (ranking 1973rd in 2006 and 1899th in 2005). China COSCO Holdings ranked 1075th. Among numerous large international and multinational companies, two companies from COSCO Group are able to stand out and account for two places out of 89 Chinese companies. Obviously, strength of COSCO Group is widely acknowledged and affirmed by international investors.

The criteria of the selection are based on the turnover, profits, assets, and market capitalization of each company. As shown in the ranking list, this year\'s 2000 companies are from 57 countries. 89 elected companies are from China (including Hong Kong). According to the distribution by region, America companies are the majority, amounting to 804. Asia Pacific and Europe take up 601 and 565 respectively. Other companies are located in Africa and Middle East, etc.

Forbes is a reputed American business magazine and has a global readership over different parts of the world. With headquarter locating in New York, the magazine is one of the prestigious institutes in researching wealth distribution of the world.