COSCO Shipping Energy Transportation's Q1 Attributable Profit Drops 43%

MT Newswires Live

04-30

COSCO Shipping Energy Transportation's (HKG:1138) attributable profit fell 43% to 707.7 million yuan in the first quarter from 1.25 billion yuan, after adjustments, in the year-ago period, according to a Tuesday filing with the Hong Kong bourse.

Earnings per share at the shipping company decreased 43% to 0.1483 yuan from 0.2617 yuan in the year-ago period.

Operating revenue declined 4% to 5.75 billion yuan from 5.99 billion yuan in the prior-year period.

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