COSCO SHIPPING Ports Third Quarter 2024 Earnings: EPS: US$0.022 (vs US$0.024 in 3Q 2023)

COSCO SHIPPING Ports (HKG:1199) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$399.0m (up 11% from 3Q 2023).
• Net income: US$81.9m (down 1.7% from 3Q 2023).
• Profit margin: 21% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.022 (down from US$0.024 in 3Q 2023).

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

COSCO SHIPPING Ports Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Infrastructure industry in Hong Kong.

Performance of the Hong Kong Infrastructure industry.

The company's shares are down 6.7% from a week ago.

Valuation

Following the latest earnings results, COSCO SHIPPING Ports may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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