Half Year 2019 COSCO SHIPPING Ports Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for joining COSCO SHIPPING Ports Limited 2019 first-half results announcement conference call. (Operator Instructions). I would now like to hand the conference over to the speakers Mr. Zhang Wei, the Chairman and Managing Director of the Company; and Mr. Ricky Ng, General Manager of Investor Relations Department; and Ms. [Margaret Su], Executive Deputy General Manager of Finance Department. Please go ahead.
Welcome to COSCO SHIPPING Ports' first-half 2019 results presentation. Our presentations will mainly focus on three sections: first, financial highlights; second, operational review; third, strategies.
Now let's move to the first half financial highlights, slide number 4. Our financial fundamentals are sound amid external challenges, considering nowadays negative impacts, including Sino-US trade tensions and global economic slowdown, our revenue growth recorded 4.5% year-on-year increase in first-half 2019.
The gross profit slightly dropped by 2.6% year-on
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