Summary by Futu AI
Seafront International Holdings Limited (SITC) announced unaudited operating data for the nine months ended September 30, 2024, showing a year-on-year revenue growth of approximately 19.2%, reaching around 21.085 billion U.S. dollars. During the same period, the container volume also increased to 2.55 million TEUs, a year-on-year increase of about 11.1%. The average freight rate per TEU was $691.0, up about 9.1% from the same period last year. The company also announced a special dividend of 40 Hong Kong cents per share to be distributed on November 15, 2024, and will suspend stock transfer procedures from November 7 to November 12, 2024, to determine the shareholder register.