Cosco Shipping has recorded a huge increase in full-year profit as revenues soared and assets swelled.
The Chinese shipowning giant saw net profit rise from CNY 136m ($20.52m) to CNY 348.9m in the year to the end of December. This represented a climb of over 157%.
Much of the improvement can be traced back to the surge in full-year sales from CNY 3.9bn
