COSCO Shipping's (HKG:1919, SHA:601919) first quarter 2026 attributable profit fell 50% to 5.88 billion yuan from 11.69 billion yuan a year earlier, according to a Hong Kong bourse filing Wednesday.
The shipping company's Hong Kong shares fell over 1% in afternoon trade Thursday.
Earnings per share were 0.38 yuan, compared with 0.74 yuan in the prior year period.
Operating revenue fell 11% year on year to 51.80 billion yuan, figures showed.
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