COSCO Shipping Development (HKG:2866) attributable profit rose 369% year over year to 485.5 million yuan in the third quarter, according to a Wednesday filing with the Hong Kong Exchange.
Earnings per share at the container manufacturing company increased 365% year over year to 0.0358 yuan.
Operating income grew 69% year over year to 8.11 billion yuan.
Shares jumped 3% in Hong Kong during Friday's trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments