Cosco Corp's full-year net tumbles 71%

COSCO Corp's net profit for the full year ended Dec 31, 2013, slid 71 per cent to $30.6 million from $105.7 million.

This came on the back of a 6 per cent decline in revenue to $3.51 billion and a 34 per cent fall in gross profit to $321.2 million.

The fall in turnover was largely due to lower shipyard revenue, said the mainboard listed group which deals in offshore marine engineering, shipbuildin…