Comment / Snapshot: Cosco predicts H1 22 profits of $9.65bn – blimey

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The container bull run may be entering its death throe phase, with evidence of weakening volumes mounting by the day, but carriers remain on course to deliver some chunky first-half results.

Cosco’s parent company, Cosco Holdings, which is partially listed on the Hong Kong stock exchange, this morning issued a profit advisory likely to put a smile on shareholders’ faces.

Ahead of its half-year interims, the Chinese behemoth said it expected a net profit for the first six months of the year ...