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COSCO Shipping's H1 Profit Declines; Revenue Jumps

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COSCO Shipping Holdings (SHA:601919, HKG:1919) reported 13.4 billion yuan in profit attributable to shareholders for the first half, down from 17.5 billion yuan a year ago, a Friday Hong Kong bourse filing showed.

Earnings per share fell to 0.88 yuan from 1.12 yuan year over year.

Revenue, however, rose to 111.9 billion yuan from 109.09 billion yuan the previous year, the shipping services provider said.

The company declared an interim dividend of 0.43 per share, payable Oct. 23 to shareholders as of the record date of Sept. 25.

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