COSCO SHIPPING Energy Transportation Second Quarter 2024 Earnings: EPS: CN¥0.29 (vs CN¥0.36 in 2Q 2023)

COSCO SHIPPING Energy Transportation (HKG:1138) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥5.81b (down 2.2% from 2Q 2023).
• Net income: CN¥1.37b (down 20% from 2Q 2023).
• Profit margin: 24% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.29 (down from CN¥0.36 in 2Q 2023).

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

COSCO SHIPPING Energy Transportation Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat.

Performance of the Hong Kong Oil and Gas industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with COSCO SHIPPING Energy Transportation.

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