HK Stock Market Move | Pacific Shipping (02343) fell nearly 14% after its performance, with annual revenue declining by nearly 20% and net profit halved year-on-year.
Pacific Basin Shipping (02343) fell nearly 14% after its performance, dropping 12.64% to HK$3.11 by the time of publication, with a turnover of HK$41.2848 million.
The Pacific Shipping (02343) fell nearly 14% after the performance results, and as of the time of writing, it had fallen by 12.64% to HK$3.11, with a turnover of HK$412.848 million.
On the news front, The Pacific Shipping released its annual performance results. The group achieved a turnover of US$2.081 billion, a decrease of 19% year-on-year; shareholders' profit attributable was US$58.2 million, a decrease of 56% year-on-year; basic earnings per share were 8.9 Hong Kong cents, with a proposed final dividend of 6 Hong Kong cents per share. In addition, the company plans to repurchase its own shares for an amount not exceeding US$40 million.
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