Hong Kong-listed China Cosco recorded a gain of CNY 1.62bn ($264m) in the third quarter, overturning a loss of CNY 1.04bn in the corresponding period a year ago.
The giant shipowner saw quarterly revenue climb from CNY 15.88bn to CNY 17.49bn year-on-year.
This helped it return to profit on an operating level at CNY 575.72m in spite of an increase in costs.
