Cosco Shipping International has logged lower profit in 2016 as costs rose.
CoscoCS group's Kong Kong-listed ship services company said net earnings were HKD 236.5m ($30.44m) last year, from HKD 362m in 2015.
Revenue dropped to HKD 7.43bn from HKD 5.99bn, while expenses increased to HKD 6.88bn against HKD 5.3bn.
The group is involved in ship agency, equipment supply, coatings, insurance broking and bunker fuel sales for owners and yards.
It
