COSCO SHIPPING Energy Transportation Third Quarter 2024 Earnings: EPS: CN¥0.17 (vs CN¥0.19 in 3Q 2023)

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

Key Financial Results

• Revenue: CN¥5.49b (up 11% from 3Q 2023).
• Net income: CN¥808.5m (down 11% from 3Q 2023).
• Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.17 (down from CN¥0.19 in 3Q 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 9.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in Hong Kong.

Performance of the Hong Kong Oil and Gas industry.

The company's shares are down 5.1% from a week ago.

Risk Analysis

Be aware that COSCO SHIPPING Energy Transportation is showing 3 warning signs in our investment analysis that you should know about...

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