Sinotrans (HKG:598) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥29.5b (up 18% from 3Q 2023).
- Net income: CN¥880.2m (down 11% from 3Q 2023).
- Profit margin: 3.0% (down from 4.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sinotrans Earnings Insights
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Logistics industry in Hong Kong.
Performance of the Hong Kong Logistics industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Sinotrans that you should be aware of.
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