{"id":86895,"date":"2022-05-04T16:05:15","date_gmt":"2022-05-04T09:05:15","guid":{"rendered":"https:\/\/advantage.vn\/vi\/?p=86895"},"modified":"2022-08-20T15:16:02","modified_gmt":"2022-08-20T08:16:02","slug":"cosco-shipping-ports-enjoys-profit-boom-in-2022-first-quarter","status":"publish","type":"post","link":"https:\/\/advantage.vn\/en\/cosco-shipping-ports-enjoys-profit-boom-in-2022-first-quarter\/","title":{"rendered":"COSCO Shipping Ports enjoys profit boom in 2022 first quarter"},"content":{"rendered":"

[Advantage Logistics<\/a><\/span>] COSCO Shipping Ports (CSP) has achieved significant year-on-year increases in both revenues and profits during the first quarter of the year, reporting US$329.7 million and US$80.9 million respectively.<\/strong><\/p>\n

The company’s revenues increased by 24.2%, driven by the effective sales and marketing strategy and contribution of the subsidiary of Tianjin Container Terminal since December 2021, while gross profit grew by 30.5%.<\/p>\n

“Benefitting from lean operation strategy, revenue growth of the company outpaced cost of sales growth, which boosted gross profit margin increased by 1.1 percentage points YoY to 24.5%,” commented CSP.<\/p>\n

\"cosco\"<\/p>\n

In the meantime, the Chinese port operator announced a total container throughput of 30,291,588 TEU for the first three months of the year, which translates to a slight increase of 0.3% compared to the 2021 first quarter.<\/p>\n

COSCO Shipping Ports said it remains committed to building a well-balanced terminal network for shipping alliances.<\/p>\n

\"cosco<\/p>\n

“Terminals in which the Group has a controlling stake will continue to actively develop terminal extended business and aims to develop a ports supply chain platform that extends to both upstream and downstream industries and provides more value-added services to customers, thereby further enhancing profitability,” added CSP.<\/p>\n

Source: Container-News<\/strong><\/p>\n

>> Other news:\u00a0<\/strong><\/span><\/p>\n