COSCO SHIPPING Development Co (HK:2866) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
COSCO SHIPPING Development Co. reported a significant increase in revenue and net profit for the third quarter of 2024, with revenue reaching over 8 billion RMB and net profit attributable to shareholders surging by 368.54% compared to the previous year. The company’s improved financial performance is reflected in a 114.41% rise in net cash flow from operating activities, highlighting strong operational efficiency.
For further insights into HK:2866 stock, check out TipRanks’ Stock Analysis page.