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COSCO International announces 2013 annual results

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On 20th March 2014, COSCO International held 2013 annual results press conference and analyst meetingin Hong Kong,announced 2013 annual results. Mr. Sun Jiakang, Chairman of COSCO International, Mr. Zhang Liang, Vice Chairman of COSCO International, Mr. Xu Zhengjun, Managing Director of COSCO International and other senior management of the Company attended the meetings.

In 2013, COSCO International achieved HK$242 million. Basic earnings per share was HK$0.16. The Board has recommended the payment of a final dividend of HK$0.035 per share. Together with the interim dividend of HK$0.02 per share, total dividends of HK$0.055 per share represented a dividend payout ratio of 34%. As of 31st December 2013, COSCO International had a strong financial position with net cash of HK$6.27 billion to support future development.

Looking forward, COSCO International, in accordance with its established strategic development plan, will continue to proactively push forward the establishment of global sales and services network, and actively explore the upstream and downstream expansion along the industry value chain of existing businesses, aiming to become a global leading “one-stop” shipping services provider, for maximise returns to shareholders.