In the "Profit Alert", COSCO Shipping Holdings (01919.HK) predicts that net profit for 2024 will increase by 1.06 times to 49.08 billion RMB.

COSCO Shipping Holdings (01919.HK) issued a profit warning, estimating that the net profit attributable to Shareholders for the fiscal year 2024 will be approximately 49.082 billion yuan, an increase of 105.71% compared to the fiscal year 2023. In 2024, the overall cargo volume in the container shipping market is expected to show moderate growth. Along with the ongoing situation in the Red Sea and other factors, there is insufficient effective capacity supply, and market freight rates are at relatively high levels. The company's container shipping Business achieved growth in both volume and price, resulting in good Operation performance.

AASTOCKS19:58

COSCO SHIPPING Holdings: Higher Cargo Volumes, Freight Rates Supported Results

Dow Jones12:44

COSCO SHIPPING Holdings Sees 2024 Net at CNY49.08B Vs. CNY23.86B

Dow Jones12:43

COSCO Marine Controls 2024 Annual Results Advance Announcement

SZSIJan 11 00:00 · Announcements

COSCO SHIP HOLD: ESTIMATED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024

HKEXJan 10 19:49 · Announcements

"The offshore money printer" reappears! COSCO Shipping Holdings expects its annual net profit attributable to the parent to double year-on-year | Quick read announcement.

① COSCO Shipping Holdings' container shipping business achieved growth in both volume and price compared to the previous year, with a year-on-year increase of 105.71% in Net income for 2024; ② One of the uncertainties in the shipping market for 2025, the strike at the East Coast ports of the United States, has been avoided, and freight rates on the US routes have already decreased.

cls.cnJan 10 19:33