HK Stock Market Move | COSCO SHIP INTL (00517) rose more than 5%, maintaining a mid-term dividend of 33 Hong Kong cents, with a 9% increase in revenue from core shipping services.
China Cosco Shipping International (00517) rose over 5%, as of the time of writing, it is up 5.54%, priced at HK$6.38, with a transaction volume of HK$46.2003 million.
COSCO SHIP INTL (00517) surged over 5%. As of the time of writing, it rose 5.54%, trading at HKD 6.38, with a transaction volume of HKD 46.2003 million.
In news, COSCO SHIP INTL released its interim results for the fiscal year 2026. The group achieved revenue of HKD 2.092 billion, a year-on-year increase of 8.19%; profit attributable to equity holders was HKD 486 million, a year-on-year decrease of 0.33%; earnings per share were HKD 0.3313; the interim dividend was HKD 0.0331 per share, unchanged from the previous year. In the first half of this year, the revenue from the core shipping services business was HKD 2.092 billion, a year-on-year increase of 9%, accounting for nearly 100% of the groups revenue, mainly due to increased revenue from the coatings, insurance consulting, and ship equipment and spare parts sectors.
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