COSCO SHIPPING Ports Second Quarter 2024 Earnings: EPS: US$0.021 (vs US$0.025 in 2Q 2023)

Simply Wall St · 08/31 01:03

COSCO SHIPPING Ports (HKG:1199) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$377.1m (up 4.5% from 2Q 2023).
  • Net income: US$76.3m (down 13% from 2Q 2023).
  • Profit margin: 20% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$0.021 (down from US$0.025 in 2Q 2023).
earnings-and-revenue-history
SEHK:1199 Earnings and Revenue History August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

COSCO SHIPPING Ports Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Infrastructure industry in Hong Kong.

Performance of the Hong Kong Infrastructure industry.

The company's shares are down 1.5% from a week ago.

Valuation

Our analysis of COSCO SHIPPING Ports based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.