Eikang to Halt Trading from April 24, Resuming After Major Announcement
Recognized as a benchmark stock in the bulk shipping sector, Eikang (2601) announced this afternoon (23rd) through the stock exchange that trading will be halted from April 24, 114, and will apply to resume trading after a major announcement.
Eikang's revenue for March was NT$3.85 billion, reflecting a month-over-month increase of 14.01%, while year-on-year it decreased by 10.37%. Cumulative revenue for 2024 reached NT$48.49 billion, an 11.85% decline compared to the previous year. After-tax losses attributed to the parent company accumulated to NT$288.77 million, with a cumulative EPS of -NT$0.35.
At the earnings call at the end of last year, Eikang stated that although the shipping sector continued to generate steady profits, its nearly 60% stake in Ocean-KY (5907) faced losses due to China's economic contraction and weak consumer spending, making the loss situation unclear.
