Subsidiaries of restructured Chinese conglomerate CoscoCS have issued mixed profit forecasts for 2016.
Cosco Shipping Energy Transportation (CSET) said it expects its net profit for last year to improve by 76%, up from CNY 1.19bn ($172.9m) in 2015.
It explained returns from asset sales that took place as part of the company’s huge restructuring will boost its result.
CSET is the new name for China Shipping Development Co (CSDC).
Cosco
