COSCO Shipping Ports 2024 profit dropped 5pc

COSCO Shipping Ports (1199) said its 2024 net profit dropped by 4.8 percent to US$309 million (HK$2.41 billion) amid a challenging ports industry worldwide.
It declared a dividend of 14.2 HK cents, down 8.4 percent year-on-year.
Revenue last year rose by 3.3 percent to US$1.5 billion over a year prior. Specifically, mainland segment recorded US$719 million, up 1.8 percent, Europe business gained 3 percent to nearly US$691 million.
Total throughput increased by 6.1 percent year-on-year to 144 million TEU, while total equity throughput increased by 4.5 percent to 45.32 million TEU.
STAFF REPORTER