Cosco reports 19% rise in Q2 earnings
Revenue for April-June period up 29%; results also boosted by interest income and forward currency contracts
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
COSCO Corporation (Singapore) yesterday posted S$14.3 million in second-quarter net profit attributable to equity-holders, a 19 per cent increase from a year ago.
Including non-controlling interests, Q2 net profit jumped 59 per cent to S$30.2 million.
The ship repair and marine engineering and shipping group's revenue for the three months ended June 30 increased 29 per cent to S$1.15 billion from S$890.3 million, supported by the increase in shipyard revenue.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
