China Cosco Holdings Co (CCHC) has seen net earnings fall back in 2014, following lucrative asset sales in 2013.
Profit was CNY 1.55bn ($249.52m) last year, against CNY 2.87bn the year before.
But strip out huge gains from discontinued operations and the 2013 result would have been a loss of CNY 1.81bn.
Revenue grew to CNY 66.9bn from CNY 66.13bn, while costs were contained at CNY 62.87bn,
