COSCO SHIPPING Development Third Quarter 2024 Earnings: EPS: CN¥0.036 (vs CN¥0.008 in 3Q 2023)

COSCO SHIPPING Development (HKG:2866) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.11b (up 68% from 3Q 2023).
• Net income: CN¥485.5m (up 369% from 3Q 2023).
• Profit margin: 6.0% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.036 (up from CN¥0.008 in 3Q 2023).

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

COSCO SHIPPING Development Earnings Insights

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Asia are expected to grow by 3.4%.

Performance of the market in Hong Kong.

The company's shares are up 2.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for COSCO SHIPPING Development you should be aware of, and 1 of them is concerning.

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