CSSC (Hong Kong) Shipping Books Higher Profit in H1

MT Newswires Live08-29

CSSC (Hong Kong) Shipping (HKG:3877) recorded a profit attributable to equity holders of HK$1.33 billion for the six months ended June 30, higher than HK$1.09 billion logged for the corresponding period last year, a Wednesday filing with the Hong Kong Exchange said.

Earnings per share stood at HK$0.216 for the reporting period, compared to HK$0.177 recorded for the year-ago period.

The ship leasing company's revenue for the first half of this year was HK$1.97 billion, 13.5% higher than the HK$1.73 billion booked a year ago.

The board recommended an interim dividend of HK$0.03 per share for the reporting period the same as for 2023.

The company's shares were down nearly 2% on Thursday's close.

Price (HKD): $1.50, Change: $-0.030, Percent Change: -1.96%

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