COSCO SHIPPING Holdings Co., Ltd. provided earnings guidance for the first quarter ended March 31, 2022. The Group is expected to record a net profit attributable to the Shareholders for the three months ended 31 March 2022 of approximately RMB 27.6 billion, representing an increase of approximately RMB 12.15 billion or approximately 78.6% as compared to that for the three months ended 31 March 2021; and the Group is expected to record earnings before interest and taxes ("EBIT") for the Reporting Period of approximately RMB 39.3 billion, representing an increase of approximately RMB 19.45 billion or approximately 98% as compared to that for the three months ended 31 March 2021.
COSCO SHIPPING Holdings Co., Ltd. specializes in sea transport. Net sales break down by activity as follows:
- container transport (98.3%): activity insured through a fleet of 403 vessels at the end of April 2022;
- management services of port terminals (1.7%).
Net sales are distributed geographically as follows: China (7.7%), Asia/Pacific (23%), Europe (29.5%), America (25.9%), and other (13.9%).
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