---
title: "COSCO H1 profit jumps 188% on higher income, lower finance cost"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295877371.md"
description: "COSCO SHIPPING International reported an 188% year-on-year surge in H1 net profit to $7.6m, driven by higher other income and reduced finance costs. Group revenue rose 6% to $96.8m, supported by growth in logistics, ship repair, and marine engineering segments. Logistics remained the primary contributor at 88% of total revenue. Gross profit increased 3% to $23.8m, while finance costs fell 62% due to lower borrowings."
datetime: "2026-08-14T03:29:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295877371.md)
  - [en](https://longbridge.com/en/news/295877371.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295877371.md)
generator: "portal-rs"
---

# COSCO H1 profit jumps 188% on higher income, lower finance cost

**Group revenue increased 6% to $96.8m, supported by higher logistics revenue.**

COSCO SHIPPING International’s net profit attributable to equity holders jumped 188% year on year to $7.6m in the first half, driven by higher other income and lower finance costs.

Revenue rose 6% to $96.8m, supported by higher contributions from logistics, ship repair and marine engineering.

Logistics revenue increased 6% to $85.2m, accounting for about 88% of total revenue, mainly due to higher warehousing and automotive services revenue.

Revenue from ship repair and marine engineering rose 14%, driven by higher ship repair and fabrication works, whilst property management revenue increased 1% to $1.27m.

Gross profit rose 3% to $23.8m from $23.1 million a year earlier, helped by higher margins in logistics and ship repair and marine engineering.

Other income nearly doubled 99% to $2.8m, mainly due to higher settlement income and government grants. Interest income also rose 241% to $0.98m.

Finance costs fell 62% to $1.8m due to lower borrowings, while administrative expenses increased 6%.

The Group recorded $2.8m in share of profit from associates, mainly from higher contributions by PT. Ocean Global Shipping Logistics and SINOVNL Company Limited.

Tax expense increased 17% to $3.1m as profits rose.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**