COSCO Shipping Energy Q3 Profit Up 4%, Revenue Down 3%

MT Newswires Live

10/31

COSCO Shipping Energy (SHA:600026, HKG:1138) posted third-quarter attributable net profit of 853.4 million yuan, up 4.4% from 817.7 million yuan the previous year.

Earnings per share rose to 0.1788 yuan from 0.1714 yuan, according to a Friday filing with the Shenzhen bourse.

Operating revenue went down 2.6% year over year to 4.47 billion yuan from 5.61 billion yuan.

Shares of the shipping company fell 1% in recent trade on the Shenzhen bourse and 2% on the Hong Kong bourse.

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