COSCO SHIPPING International (Hong Kong) Co ( (HK:0517) ) has issued an update.
COSCO SHIPPING International (Hong Kong) Co., Ltd. reported a 9% increase in revenue to HK$3.63 billion for the year ended December 31, 2024, driven by growth in its coatings and insurance brokerage segments. The company’s gross profit rose by 27%, and profit before income tax from core shipping services increased by 25%. The board recommended a final dividend, reflecting a payout ratio of approximately 99%. The company’s strong financial performance highlights its strategic focus on high-margin segments, which has positively impacted its profitability and stakeholder returns.
More about COSCO SHIPPING International (Hong Kong) Co
COSCO SHIPPING International (Hong Kong) Co., Ltd. operates in the shipping services industry, focusing on segments such as coatings and insurance brokerage. The company is known for its shipping services and has a market focus on enhancing its revenue through high-margin segments.
YTD Price Performance: 5.00%
Average Trading Volume: 2,276
Technical Sentiment Signal: Strong Sell
Current Market Cap: $837.2M
See more data about 0517 stock on TipRanks’ Stock Analysis page.