Cosco reports US$1.8 billion profit in first quarter
According to preliminary financial results, Cosco Shipping Holdings has recorded earnings before interest and taxes (EBIT) of US$2.3 billion during the first quarter of 2025, representing an impressive 66% increase over the same period last year.
In the same period, the company’s net profit attributable to shareholders is expected to reach US$1.8 billion, translating to a growth of 73% year-on-year, according to DynaLiners report.
Cosco’s first-quarter results are expected to be the highest of the Chinese ocean carrier outside of the Covid-19 era, driven primarily by increased volumes and higher freight rates.
