Source: COSCO
The final results for COSCO in 2014 suggest that revenue from the terminals business rose by 13.6% to US$516,993,000 (2013: US$455,071,000). The increase is mainly attributed to Piraeus Container Terminal S.A., Guangzhou South China Oceangate Container Terminal Company Limited and Xiamen Ocean Gate Container Terminal Co..The terminals business achieved satisfactory growth in gross profit, mainly supported by improving operations of Xiamen Ocean Gate Terminal. In addition, stable growth in operations was recorded at Guangzhou South China Oceangate Terminal and Piraeus Terminal, driving up the gross profit of the terminals business.
According to South China Morning Post, although the final results of COSCO for 2014 are below expectations, the company reaffirms its intention to expand its international footholds, including further investments in Greece.
