China’s largest container shipping line saw massive gains in revenue and profits in 2024.
Cosco Shipping Holdings reported operating revenue of $33.29 billion in 2024, an increase of 33.29% from the previous year.
The world’s fourth-largest container carrier (OTC: CICOF) said earnings before interest and taxes (EBIT) totaled $9.79 billion, an increase of 90.74% year over year.
Net profit soared by 95% to $7.75 billion, while net profit attributable to shareholders was $6.87 billion, an increase...