COSCO SHIPPING Energy Transportation's Profit Jumps 20% in 2024, Revenue Up 3%

MT Newswires Live

03-27

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) posted 2024 profit attributable to shareholders of 4.04 billion yuan, or 0.8464 yuan per share, up 19.5% from 3.38 billion yuan, or 0.7083 yuan per share, the previous year.

Analysts polled by Visible Alpha had estimated EPS at 0.85 yuan.

The shipping company's revenue rose 2.6% year over year to 23.1 billion yuan from 22.6 billion yuan, according to a filing with the Hong Kong bourse.

Analysts polled by Visible Alpha had projected revenue at 22.5 billion yuan.

COSCO Shipping Energy Transportation declared a final dividend of 0.21 yuan per share.

Shares of the company rose less than 2% on the Hong Kong bourse, while its Shanghai-listed shares were marginally down in recent trade.

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