Seacon Shipping Group Holdings Reports First Half 2023 Earnings

Seacon Shipping Group Holdings (HKG:2409) First Half 2023 Results

Key Financial Results

• Net income: US$11.0m (up by US$11.0m from 1H 2022).
• EPS: US$0.025.

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

Seacon Shipping Group Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Shipping industry in Hong Kong.

Performance of the Hong Kong Shipping industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Seacon Shipping Group Holdings that you should be aware of.

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