An update from COSCO SHIPPING Energy Transportation Co ( ($HK:1138) ) is now available.
COSCO SHIPPING Energy Transportation Co., Ltd. announced an expected net profit of approximately RMB3.96 billion for 2024, marking a 17.2% increase compared to 2023. This growth is attributed to strategic market assessments and capacity deployment amid fluctuating freight rates, enhancing their market position and operational efficiency.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company incorporated in China, operating in the energy transportation sector. The company is involved in the shipping of oil and other energy products, focusing on both domestic and international markets.
YTD Price Performance: 13.90%
Average Trading Volume: 1,351
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.13B
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