COSCO Shipping Ports reports steady 2024 growth amidst challenges

COSCO Shipping Ports (HKEX: 1199) announced its 2024 annual results, showcasing resilience in the face of global economic headwinds and geopolitical uncertainties. Total throughput increased by 6.1% year-over-year to 144,032,722 TEU, with equity throughput rising by 4.5% to 45,318,318 TEU. Revenue grew by 3.3% to US$1.503 billion. However, profit attributable to equity holders decreased by 4.8% to US$308.8 million, with basic earnings per share at US8.50 cents.