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Cogent's Q3 profit slips 6% on higher depreciation charges, expenses

BT_20171128_ASCOGENT28_3196386.jpg
Cogent's Q3 revenue grew 4 per cent to S$35.3 million due mainly to the higher business volume handled by the container depot management services and transportation management services.

Singapore

HIGHER depreciation charges and contract services expenses dented Cogent Holdings' third-quarter results.

Net profit fell 6 per cent to S$7.4 million from the previous year, the logistics service provider said in a Singapore Exchange filing on Monday evening.

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