Pacific Basin Shipping (HKG:2343) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.58b (up 12% from FY 2023).
- Net income: US$131.7m (up 20% from FY 2023).
- Profit margin: 5.1% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.025 (up from US$0.021 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pacific Basin Shipping Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 1.6%.
Looking ahead, revenue is expected to fall by 2.0% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Shipping industry in Hong Kong.
Performance of the Hong Kong Shipping industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
Be aware that Pacific Basin Shipping is showing 1 warning sign in our investment analysis that you should know about...
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