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COSCO International announces 2009 annual results


In the morning of 24th March 2010, COSCO International held its 2009 annual results press conference and analyst presentation in Hong Kong. Both meetings were chaired by Managing Director of COSCO International, Mr. Wang Xiaodong, while the senior management attended the meetings. The total revenue of COSCO International during 2009 was HK$1,630 million. The shipping services segment revenue was HK$1,110 million and its segment profit before taxation was HK$325 million, increased by 26%. Profit attributable to the equity holders was HK$844 million, increased by 72% year-on-year. Excluding the net gains on deemed disposal of partial interest in Sino-Ocean Land Holdings Limited arising from issue of new shares and share of profit from SOLHL of totally HK$600 million, profit attributable to the equity holders was up 42% to HK$244 million under the same basis. Basic earnings per share were 56.25 HK cents, increased by 70% year-on-year. The board of directors of the Company has recommended a final dividend of 8.4 HK cents per share. Together with the interim dividend of 1.00 HK cent per share, the total dividend for the year of 2009 will be 9.4 HK cents per share, increased by 27% year-on-year. 

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