COSCO SHIPPING Holdings Third Quarter 2024 Earnings: EPS: CN¥1.34 (vs CN¥0.34 in 3Q 2023)

COSCO SHIPPING Holdings (HKG:1919) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥73.5b (up 72% from 3Q 2023).
• Net income: CN¥21.3b (up 286% from 3Q 2023).
• Profit margin: 29% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.34 (up from CN¥0.34 in 3Q 2023).

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

COSCO SHIPPING Holdings Earnings Insights

Looking ahead, revenue is forecast to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat.

Performance of the market in Hong Kong.

The company's shares are down 3.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for COSCO SHIPPING Holdings (1 is potentially serious!) that you should be aware of.

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