The Shanghai-listed heavy-lift and ro-ro unit of Chinese state giant Cosco said earnings to 30 September were CNY 7.99m ($1.27m).

Revenue reached CNY 1.63bn, a rise of 19.19%, however.

In the first three quarters, net profit was CNY 8.85m, down 94.96% from 2011.

Revenue totalled CNY 4.54bn, up 18.93%.