COSCO SHIPPING Holdings (HKG:1919) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥73.5b (up 72% from 3Q 2023).
- Net income: CN¥21.3b (up 286% from 3Q 2023).
- Profit margin: 29% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥1.34 (up from CN¥0.34 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
COSCO SHIPPING Holdings Earnings Insights
Looking ahead, revenue is forecast to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat.
Performance of the market in Hong Kong.
The company's shares are down 3.4% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for COSCO SHIPPING Holdings (1 is potentially serious!) that you should be aware of.
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