COSCO Shipping Energy Transportation's H1 Profit Falls on Marginal Revenue Rise

MT Newswires Live08-30

COSCO Shipping Energy Transportation (SHA:600026, HKG:1138) attributable profit fell to 2.63 billion yuan in the first half from 2.89 billion yuan in the year-ago period, according to a Thursday filing with the Hong Kong Stock Exchange.

Earnings per share at the oil and liquefied natural gas shipper decreased to 0.5522 yuan from 0.6060 yuan in the previous year.

Revenue inched up to 11.57 billion yuan from 11.48 billion yuan a year earlier, the filing said.

The company's shares fell past 1% in recent Friday trade in China.

Price (HKD): $14.50, Change: $-0.17, Percent Change: -1.16%

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