COSCO SHIPPING Holdings (HKG:1919) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥233.9b (up 34% from FY 2023).
- Net income: CN¥49.1b (up 106% from FY 2023).
- Profit margin: 21% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥3.08 (up from CN¥1.48 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
COSCO SHIPPING Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.
Looking ahead, revenue is expected to fall by 7.4% p.a. on average during the next 2 years compared to a 3.7% decline forecast for the Shipping industry in Hong Kong.
Performance of the Hong Kong Shipping industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for COSCO SHIPPING Holdings you should be aware of, and 1 of them is a bit unpleasant.
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