Summary by Moomoo AI
Cosco Shipping Energy announced its performance for the first half of 2024, with slight increase of 1% in revenue to approximately 11.572 billion RMB, but a decrease of about 9% in net profit attributable to shareholders to approximately 2.635 billion RMB. Both basic and diluted earnings per share were 55.22 cents. The unaudited interim performance of Cosco Shipping Energy and its subsidiaries (the Group) for the six months ended June 30, 2024, is compared with the same period in 2023. During the reporting period, the Group had a fleet of 154 oil tankers and 45 LNG carriers, and actively promoted the implementation of LNG transportation projects to enhance its self-operated shipping capabilities. The Board of Directors believes that China Cosco Shipping Group Co., Ltd. is the ultimate parent company, with China Shipping Group Co., Ltd. as its direct parent company. The Group's shares are listed on the Main Board of the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The interim financial data has not been audited and was approved for publication by the Board of Directors on August 29, 2024.
