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

Simply Wall St

November 01, 2024

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).

earnings-and-revenue-growth — SEHK:2866 Earnings and Revenue Growth November 1st 2024

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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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.