COSCO SHIPPING Energy Transportation Co Class H ( (CSDXF) ) has released its Q4 earnings. Here is a breakdown of the information COSCO SHIPPING Energy Transportation Co Class H presented to its investors.
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company based in China, primarily engaged in the shipping of crude oil, LNG, LPG, and chemicals, with a strong presence in the maritime energy transportation sector. The company recently released its annual earnings report for the year ending December 31, 2024, showcasing a steady increase in revenue and profit. Revenues increased by approximately RMB580 million, or 2.57%, reaching RMB23,133 million, while profit attributable to equity holders rose to RMB4,038 million from RMB3,379 million in the previous year. The company’s earnings per share also saw an improvement, rising to RMB84.64 cents from RMB70.83 cents. The report highlights the company’s strategic acquisitions and fleet expansion, which have bolstered its position in the global shipping market. Looking ahead, COSCO SHIPPING Energy Transportation Co. remains focused on leveraging its extensive fleet and strategic partnerships to navigate the cyclical and volatile nature of the shipping industry, aiming to maintain its leadership in the energy transportation sector.