COSCO Shipping International Surges Over 5% as Interim Dividend Steady at 33 HK Cents, Core Shipping Services Revenue Climbs 9%

Stock News14:38

Shares of COSCO SHIP INTL (00517) advanced more than 5% in Thursday's trading session, with the stock last changing hands at HK$6.38, marking a 5.54% increase. The trading volume reached HK$46.2 million during the session.

The company released its interim results for the fiscal year 2026 at midday, reporting revenue of HK$2.092 billion, an 8.19% increase year-over-year. Profit attributable to equity holders stood at HK$486 million, a slight decline of 0.33% compared to the same period last year. Earnings per share came in at 33.13 HK cents, while the interim dividend was maintained at 33 HK cents per share, unchanged from the prior year.

During the first half of the year, revenue from the core shipping services segment reached HK$2.092 billion, representing a 9% year-over-year increase and accounting for nearly all of the group's total revenue. This growth was primarily driven by higher segment revenues from coatings, insurance consulting, and ship equipment and spare parts.

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