COSCO SHIPPING Development (HKG:2866) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥6.82b (up 213% from 2Q 2023).
- Net income: CN¥448.8m (down 36% from 2Q 2023).
- Profit margin: 6.6% (down from 32% in 2Q 2023).
- EPS: CN¥0.033 (down from CN¥0.052 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
COSCO SHIPPING Development Earnings Insights
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Trade Distributors industry in Hong Kong.
Performance of the Hong Kong Trade Distributors industry.
The company's shares are up 2.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for COSCO SHIPPING Development (1 is potentially serious!) that you should be aware of.
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