COSCO Shipping Reports Mixed Mid-Year Financials

COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.

COSCO SHIPPING ENERGY TRANSPORTATION reports a slight revenue increase of 1% year-on-year, reaching RMB11.57 billion for the first half of 2024, while profit attributable to equity holders fell by 9% to RMB2.64 billion. Basic and diluted earnings per share were steady at RMB55.22 cents. Despite the modest growth in revenues, the decrease in profit highlights a challenging period for the company.

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