Cosco Shipping has reported FY2020 earnings of $8.3 million from $7.4 million in the FY2019.

Group sales revenue for the full-year ended December stood 8% y-o-y higher at $185.8 million, mainly due to the inclusion of revenue from the newly acquired subsidiaries in Malaysia, and revenue from the chartered in of bulk carriers.

The higher revenue was also due to higher revenue contribution from the group’s logistics and shipping activities, and offset by revenue from property management and ship repair and marine engineering.

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