Cosco Shipping International is predicting a return to the black in the first quarter, thanks to contributions from Cogent Holdings and PT Ocean Global Shipping.
The board of directors gave the rosy outlook today by issuing a profit guidance, or official prediction, for unaudited consolidated financial results for the period ended 31 March.
"The board is of the view that the 1Q 2018 results will show a profit as compared to the net loss recorded in the corresponding period of the previous financial year," the company said.
