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An announcement from SITC International Holdings Co., Ltd. ( (HK:1308) ) is now available.
SITC International Holdings announced a significant increase in its unaudited profit for the year ending December 31, 2024, with expected profits between US$1,000.0 million and US$1,030.0 million, marking an increase of 86.5% to 92.1% compared to the previous year. This growth is attributed to a 10.6% increase in container shipping volume and a 15.7% rise in average freight rates, underscoring the company’s successful expansion in the Asian market and its effective positioning as a quality service provider.
More about SITC International Holdings Co., Ltd.
SITC International Holdings Co., Ltd. is a company involved in the container shipping industry, focusing primarily on the Asian market. It offers quality shipping services, which have allowed it to expand its market presence and increase freight rates.
YTD Price Performance: -4.80%
Average Trading Volume: 718
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €6.41B
For a thorough assessment of 1308 stock, go to TipRanks’ Stock Analysis page.
