While there was no such impairment of goodwill in FY2023, the company notes that its net profit had still been negatively affected by the non-renewal of sub-leases due to the expiry of its lease of The Grandstand, higher financing costs and lower contribution from associated companies.
Cosco Shipping plans to announce its full financial results for FY2023 no later than Feb 29.
Shares in Cosco Shipping closed 0.4 cents higher or 2.82% up at 14.6 cents on Feb 16.
