COSCO Shipping's (HKG:1919, SHA:601919) attributable profit surged 106% to 49.2 billion yuan in 2024 from 23.9 billion yuan in 2023, according to a Friday filing with the Hong Kong bourse.
Earnings per share at the container shipping company increased to 3.08 yuan from 1.48 yuan a year earlier. Analysts at Visible Alpha estimated EPS at 3.12 yuan.
Revenue grew 33% to 233.9 billion yuan from 175.5 billion yuan in the previous year. Visible Alpha analysts forecast revenue at 234.2 billion yuan.
The company declared a final dividend of 1.03 yuan per share. COSCO Shipping has yet to declare the payment and record dates.
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