CWT's full-year earnings fall 32%
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAINBOARD-LISTED CWT Limited reported on Friday a 32 per cent fall in its full-year net profit, dragged by a weak commodities business with a lower naphtha trading volume that dropped significantly.
The logistics company said that freight logistics and general logistics businesses were affected by weaker business sentiment and slower trade flow.
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