Stock Track | COSCO SHIP INTL Soars on Strong H1 Profit Growth and Higher Dividend

Stock Track08-23

COSCO SHIP INTL, the international shipping arm of China's largest maritime conglomerate, saw its shares surge 7.65% during midday trading on Thursday. The stock's rally came on the heels of the company's announcement of robust financial results for the first half of 2024.

According to a filing with the Hong Kong Stock Exchange, COSCO Shipping International (Hong Kong) reported a 16% year-over-year increase in profit attributable to equity holders for the six months ended June 30. The figure rose to HK$388.0 million, up from HK$335.9 million in the same period last year.

The company attributed the stronger earnings to an 8% increase in revenue from its core shipping services business, which reached HK$1.75 billion during the first half. Recognizing the positive performance, COSCO SHIP INTL raised its interim dividend payout to HK$0.265 per share, higher than the HK$0.225 paid in the prior year.

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The stock's rally came on the heels of the ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00517","symbol_name":"中远海运国际","start_time":0,"source_url":"","article_id":"1161200108","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161200108","pubTimestamp":1724394747,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"COSCO SHIP INTL, the international shipping arm of China's largest maritime conglomerate, saw its shares surge 7.65% during midday trading on Thursday. 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