COSCO SHIPPING Ports (HK:1199) has released an update.
COSCO SHIPPING Ports has reported an 8.2% year-over-year increase in total throughput to nearly 70 million TEU for the first half of 2024, alongside a modest revenue growth of 3% to $709.8 million. However, despite these gains, profit attributable to equity holders fell by 7.4% to $139.2 million. The financial update indicates a mixed performance with growth in operations but a decrease in profitability for the period.
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