Reported 12 months ago
Huiyang-KY Chairman Lan Junsheng mentioned 'ship shortage' at the shareholders' meeting at the end of May this year, attributing it to the imbalance of supply and demand in the market. The leading bulk carrier Huiyang-KY (2637) announced a combined revenue of 1.834 billion yuan for June 2024, with a total revenue of 10.224 billion yuan in the first half of the year, representing a year-on-year increase of 20% and 23% respectively. The self-reported pre-tax profit in June was 724 million yuan, with pre-tax earnings per share of 0.83 yuan. The cumulative operating profit for the first half of the year was 3.548 billion yuan, with pre-tax earnings of 32.15 billion yuan, a year-on-year growth rate of 127.82%, and a self-reported pre-tax earnings per share of 4.31 yuan. The bulk market performed well in the first half of the year, with stable performance in the second quarter boosting profit growth, while uncertainties in global political and economic situations have affected ship turnover rates. Looking ahead to the second half of the year, Huiyang remains cautiously optimistic, aiming to optimize its fleet with environmentally friendly ships and maintain financial structure towards an all-green fleet goal.
Source: YAHOO