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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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COSCO Pacific awarded "Forbes Global 2000" for the second consecutive year

Date:2006-04-17     Publish:本站

COSCO Pacific is awarded "Forbes Global 2000" for the second consecutive year
 

The reputed American Financial Magazine "Forbes" elected and published "The Forbes Global 2000"on 17 April 2006. With the achievement in 2004, turnover of US$ 276 million, profits of US$207 million, net asset value of US$2.239 billion and market value of US$4.651 billion, COSCO Pacific is elected again as one of the Forbes Global 2000 companies, with ranking 1973rd (ranking 1899th in 2005).

According to Forbes magazine, the ranking is measured by turnover, profits, net asset value, and market capitalization of the conglomerate. The 2000 companies in the list had average growths of 10% in turnover, 32% in profits, 10% in net asset value and 32% in market capitalization last year.

As shown in the ranking list, America has got the most companies by continent with a total of 822. Asia Pacific has 597. Europe takes up 550. Other companies are located in Africa and Middle East. China (including Hong Kong) has 64 companies in the list.

Forbes is the most prestigious business magazine in the United States and has 5 million readers worldwide. Which headquarter in New York, the magazine is one of the most authoritative institutes researching wealth distribution of the world. For the current rankings, China COSCO Holdings ranks 1351st, China Shipping Container 1773rd, China International Marine Containers 1863rd, COSCO Pacific 1973rd. Among the world's large-scale companies, 2 companies from the COSCO family are elected, and they are also 2 out of 64 elected Chinese companies, indicating that the strength of COSCO Group is widely affirmed and recognized.