Cosco Shipping Tech boosts dividend despite profit dip in 2024

COSCO SHIPPING Technology (SZSE:002401) announced its 2024 financial results and a proposed dividend distribution alongside several related organizational updates. Despite a slight revenue increase of 0.67% to ¥1.797 billion, the company's net profit attributable to shareholders decreased by 32.6% year-over-year, settling at ¥127.61 million. Still, the board recommends a cash dividend of ¥1.30 per 10 shares, totaling ¥48.32 million and representing 37.86% of net profit attributable to shareholders.