Sinotrans' 2024 Profit Down 7%, Revenue Up 4%

MT Newswires Live

03/26

Sinotrans (SHA:601598) posted 2024 net profit attributable to shareholders of 3.92 billion yuan, down 7.1% from 4.21 billion yuan the previous year.

Earnings per share were down 7.3% year over year to 0.5386 yuan from 0.5812 yuan, according to a filing with the Shanghai bourse.

The logistics company's revenue climbed 3.8% to 105.6 billion yuan from 101.8 billion yuan.

Shares of Sinotrans rose 1% in recent trade.

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