Summary by Moomoo AI
COSCO SHIP INTL's revenue for 2024 increased by 9% to HKD 3.627 billion, with profit attributable to equity holders rising by 19% to HKD 0.709 billion, reaching a new high since 2011. The gross margin increased to 23%, mainly due to the rise in gross margin from the coatings segment and increased revenue from Insurance consultancy. The Board of Directors proposed a final dividend of HKD 0.215 per share, together with a mid-term dividend of HKD 0.265, making the total annual dividend HKD 0.48 and a payout ratio of about 99%.The core business of shipping services performed well, with profit before tax increasing by 25% to HKD 0.628 billion, reaching a historical high. Among them, the revenue from the coatings business surged by 63% to HKD 1.344 billion, revenue from Insurance consultancy...Show More
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