Shanghai International Port (Group) (SHSE:600018) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥9.19b (down 19% from 3Q 2023).
- Net income: CN¥3.39b (down 16% from 3Q 2023).
- Profit margin: 37% (up from 36% in 3Q 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.15 (down from CN¥0.17 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai International Port (Group) Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 9.0%.
Looking ahead, revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Infrastructure industry in China.
Performance of the Chinese Infrastructure industry.
The company’s shares are down 5.0% from a week ago.
