COSCO: Full year earnings up 120%

COSCO: Full year earnings up 120%. In a press release, COSCO reported Php3.3Bil in profits net of tax and minority interests for 2013, increasing by 120% on a proforma basis from Php1.5Bil in the previous year. Meanwhile, revenues totaled Php77.2Bil, up by 27.2% from Php60.7Bil last year. We estimate that PGOLD accounted for the bulk of net income revenues, contributing 61% of total net income after minority interests and 95% of revenues

Source: Col Financial