Summary by Moomoo AI
Cosco Ship Engy released the third quarter report for 2024 on October 30, 2024, showing a 10.76% year-on-year increase in revenue, but a 10.93% decrease in net income attributable to the shareholders of the listed company. During the reporting period, the net cash flow from operating activities decreased by 11.83%, and both basic earnings per share and diluted earnings per share decreased by more than 10%. The report is unaudited and guaranteed by the board of directors, supervisory board, and senior management of the company to be true, accurate, and complete. In the first three quarters of 2024, the international oil tanker market was in an upward cycle, with freight rate fluctuations affected by geopolitical events and seasonal demand. The Group's oil tanker capacity increased...Show More