CWT raises 2015 payout; full-year earnings dip 3%

Singapore

LOGISTICS provider CWT's net profit attributable to shareholders dipped 3 per cent to S$108.9 million, or 18.14 Singapore cents per share, for financial year 2015 amid a drop in naphtha volumes and a provision for the Tianjin blasts.

CWT's board has nevertheless approved a second dividend of six Singapore cents per share. Including the three Singapore cents per share payout in August 2015, CWT's total payout for financial year 2015 will be nine Singapore cents per share, more than double the four Singapore cents per share total payout in 2014.