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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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COSCO Pacific announced its 2012 final results

Date:2013-03-26     Publish:本站

 
COSCO Pacific Limited (the “Company” or “COSCO Pacific”) held 2012 final results press conference in Hong Kong on 26th March 2013. The press conference was presided over by Mr. Wang Xingru, Vice Chairman and Managing Director, senior management of the Company attended the meeting included Dr. Wong Tin Yau, Executive Director and Deputy General Manager, Mr. Chan Hang, Deputy Managing Director, Mr. Lui Sai Kit, Financial Controller and Mr. Ding Weiming, Deputy Financial Controller.
 
COSCO Pacific’s revenue in 2012 was US$735,500,000, up 22.8%, reflecting the steady growth at the terminal business and the satisfactory growth of our container leasing business. However, profit attributable to equity holders of COSCO Pacific was lower, declining by 12.0% to US$342,194,000, owing to a decrease in the share of profit from CIMC. Excluding non-current items and the share of profit from CIMC, profit attributable to the equity holders of COSCO Pacific was US$280,299,000, increased by 14.6% year-on-year. The Board is recommending a final dividend of US2.364 cents per share, which together with the interim dividend of US2.64 cents per share will result in a full year dividend of US5.004 cents per share, maintaining the payout ratio at 40.0%.
 
About 9 media representatives attended the press conference, including major local newspapers, radio stationsand international financial news agencies.