COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
COSCO SHIPPING Energy Transportation Co., Ltd. anticipates an 11.9% decline in net profit for the first half of 2024, with expected earnings of roughly RMB 2.55 billion compared to the same period in 2023. The decrease is mainly due to the absence of vessel disposal gains that occurred in 2023. Investors are advised to be cautious with their dealings and await the comprehensive interim results to be published in August 2024.
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