SUBSCRIBERS
CWT Q3 earnings hit by S$6.3m net impairment loss from Tianjin blast
Published Thu, Nov 5, 2015 · 09:50 PM
Singapore
CWT suffered a net impairment loss of S$6.3 million from the August explosions in Tianjin, resulting in its third-quarter profit falling 16 per cent.
The logistics and commodity broking company, which announced its results on Thursday after the market closed, posted a net profit for the three months ended September of S$27.2 million, or 4.54 Singapore cents per share, as revenue halved to S$1.93 billion. For the …
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