COSCO Shipping Energy's Profit Rises Sharply in Q1

MT Newswires Live

04/28

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) recorded 2.17 billion yuan in attributable profit during the first quarter of 2026, more than triple the 708.5 million yuan recorded a year earlier, according to a Hong Kong bourse filing Monday.

The Chinese shipping company's Hong Kong-listed shares fell over 3% in late morning trade Tuesday.

Earnings per share were 0.3971 yuan, compared with 0.1485 yuan in the prior year.

Revenue jumped 27% year on year to 7.30 billion yuan, figures showed.

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