COSCO Corporation (Singapore) Limited provided consolidated earnings guidance for the third quarter ended September 30, 2015. For the quarter, the company expects results will show a net loss as compared to a profit recorded in the corresponding period of the previous financial year. The expected net loss is mainly attributable to (i) the continuing depressed state of crude oil prices which has had an adverse impact on the global offshore marine industry, (ii) the slump in the shipbuilding market which has negatively impacted the company's shipyards; and (iii) the languid dry bulk shipping market which has brought great pressures to the company's dry bulk fleet operations.
COSCO SHIPPING International (Singapore) Co., Ltd.
Equities
F83
SG1S76928401
Marine Freight & Logistics
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5-day change | 1st Jan Change | ||
0.144 SGD | +3.60% | +2.13% | +9.09% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+9.09% | 231M | |
+63.06% | 30.04B | |
-5.85% | 25.71B | |
+13.86% | 14.57B | |
+13.37% | 11.8B | |
+24.40% | 11.41B | |
+55.61% | 10.32B | |
+13.45% | 10.25B | |
-17.36% | 8.24B | |
+7.83% | 8.06B |
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- COSCO Corporation Limited Provides Consolidated Earnings Guidance for the Third Quarter Ended September 30, 2015