Red ink still flows for Cosco

Hong Kong: Losses continue to rack up for China COSCO Holdings, although the volume of red ink flowing appears to have been staunched. A third quarter net loss of RMB1.53bn yuan ($245 m) compares with a 2.07bn yuan loss a year earlier and brings the Hong Kong-listed bulker/containership operator a whopping RMB5.25bn ($841m) loss for the first nine months of the year. [31/10/12]

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