COSCO Shipping Development's Q3 Profit Surges 369%; Hong Kong Shares Jump 3%

MT Newswires Live

2024/11/01

COSCO Shipping Development (HKG:2866) attributable profit rose 369% year over year to 485.5 million yuan in the third quarter, according to a Wednesday filing with the Hong Kong Exchange.

Earnings per share at the container manufacturing company increased 365% year over year to 0.0358 yuan.

Operating income grew 69% year over year to 8.11 billion yuan.

Shares jumped 3% in Hong Kong during Friday's trading.

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