COSCO SHIP PORT Reports 28.5% Rise in Interim Net Profit to $234 Million

Stock News

Aug 28

COSCO SHIP PORT (01199) has announced its interim results for 2026, showcasing a robust financial performance with revenue climbing 12.3% year-on-year to $905 million.

The company's gross profit also saw a healthy uptick, rising 9.3% to $240 million, while profit attributable to equity holders surged 28.5% to $234 million, translating to a basic earnings per share of 5.9 US cents. Additionally, the board has declared an interim dividend of 18.5 HK cents per share.

During the six-month period ended June 30, 2026, the group's total throughput increased by 7.9% to 80,157,047 TEUs, compared to 74,295,971 TEUs in the corresponding period of 2025. Of this total, throughput from the group's controlled terminals grew 2.5% to 16,893,574 TEUs, representing 21.1% of the overall figure, while non-controlled terminals saw a more substantial increase of 9.4%, reaching 63,263,473 TEUs and accounting for the remaining 78.9%.

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Additionally, the board has declared an interim dividend of 18.5 HK cents per share.<br><br>During the six-month period ended June 30, 2026, the group's total throughput increased by 7.9% to 80,157,047 TEUs, compared to 74,295,971 TEUs in the corresponding period of 2025. 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