COSCO Pacific H2 profit rises on exports, sale of stake

COSCO Pacific, Asia's third-largest container-terminal operator, boosted second-half profit by 81 percent, thanks to surging Chinese exports and the sale of a stake in a bank.

COSCO Pacific booked a 90 million dollar gain after it sold a stake in Chong Hing Bank. The company's global container terminal ventures boosted total volume 22 percent last year, helped by the addition of ventures in the Chinese ports of Ningbo and Guangzhou, as well as in Egypt.

Source: CCTV.com