The company is expected to record a net profit for 2010 against a net loss for 2009 as the shipping market regained strength, it said in a filing to the Hong Kong stock exchange.
It reported a net profit of 5.64 billion yuan ($851.4 million) in the first nine months of 2010 compared to a loss of 5.36 billion yuan the previous year.
China COSCO said it was still in the process of finalising the audited annual results and the forecast was based on a preliminary assessment by the management. (Reuters)
