Profit at China Cosco’s heavy-lift arm plunged by 99.5% to just CNY 704,100 ($111,427), it told investors today.
The results indicate a loss-making second quarter for the company.
As TradeWinds has reported, Coscol booked a profit of CNY 1.27m in the three months to the end of March.
Coscol owns and operates nearly 100 ships, including semi-submersibles, heavy-lifter, multipurposes, ro-ro/lo-los, general cargoships and pure car carriers.
