SITC International Holdings Logs Higher Profit for 2024; EPS, Revenue Exceed Estimates; Shares Up 8%

MT Newswires Live

Mar 10, 2025

SITC International Holdings' (HKG:1308) attributable profit rose to $1.03 billion in 2024 from $531.4 million in 2023, a Monday Hong Kong bourse filing said.

Earnings per share at the marine shipping services company increased to $0.38 from $0.20 a year earlier. Analysts polled by Visible Alpha expected EPS of $0.35.

Revenue for the year grew 25.9% to $3.06 billion from $2.43 billion a year earlier. The Visible Alpha consensus estimate was $3.01 billion.

The company attributed the increase in revenue to increases in container shipping volume and average freight rate.

The company declared a final dividend of HK$1.40 per share, payable May 22 to shareholders on record as of May 12.

Shares of the company jumped nearly 8% in recent trade.

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