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COSCO SHIPPING Ports ( (HK:1199) ) has provided an update.
COSCO SHIPPING Ports reported a 6.1% year-on-year increase in total throughput to 144,032,722 TEU for the year ending December 31, 2024. Despite a 3.3% rise in revenue to approximately US$1.5 billion, the company’s profit attributable to equity holders fell by 4.8% to US$308.8 million, reflecting increased costs and a decrease in gross profit. The announcement highlights the company’s operational growth in throughput, yet underscores financial challenges impacting profitability, which may affect stakeholder returns.
More about COSCO SHIPPING Ports
COSCO SHIPPING Ports Limited, incorporated in Bermuda, operates in the shipping and logistics industry. The company focuses on managing and operating ports and terminals, providing services that facilitate global trade and transportation.
YTD Price Performance: -2.88%
Average Trading Volume: 625
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.43B
For an in-depth examination of 1199 stock, go to TipRanks’ Stock Analysis page.