HONG KONG: China-backed COSCO Pacific Ltd announced a first-half net profit increase of 5.4% yesterday as it expanded its shipping container leasing operation, which is the world’s fifth largest.
COSCO Pacific, which is also a port operator here and China, said its net profit totalled US$73.61mil for the six months ended June 30, against a restated interim net profit of US$69.84mil a year ago.
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