COSCO SHIPPING Specialized CarriersLtd Second Quarter 2024 Earnings: EPS: CN¥0.18 (vs CN¥0.12 in 2Q 2023)

COSCO SHIPPING Specialized CarriersLtd (SHSE:600428) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.05b (up 40% from 2Q 2023).
• Net income: CN¥389.4m (up 53% from 2Q 2023).
• Profit margin: 9.6% (in line with 2Q 2023).
• EPS: CN¥0.18 (up from CN¥0.12 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

COSCO SHIPPING Specialized CarriersLtd Earnings Insights

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Shipping industry in China.

Performance of the Chinese Shipping industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for COSCO SHIPPING Specialized CarriersLtd that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.