SITC International Expects Up to 92% Increase in 2024 Profit

MT Newswires Live

2025/01/21

SITC International Holdings (HKG:1308) expects a profit attributable to shareholders of between $1.00 billion and $1.03 billion for 2024, representing an 87% to 92% year-over-year increase.

The company attributed the upbeat forecast to higher container shipping volume driven by the Asian market's stable expansion and increase in freight rates.

The integrated transportation and logistics solutions company plans to publish its results in March, according to a Monday filing with the Hong Kong bourse.

The company's shares were up by 1% in recent trading.

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