Cosco posts 69% rise in Q3 earnings

Singapore

MAINBOARD-listed Cosco Corporation (S) announced Q3 net profit of S$7.1 million, 69 per cent higher than the S$4.2 million it made during the same period last year.

For the three months ended Sept 30, the shiprepair & marine engineering and shipping group saw its turnover increase 17 per cent to S$1.16 billion from S$989.4 million last year on the back of increases in shipyard and dry bulk…