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Revenue surge swells CWT's Q2 earnings

Group unveils plans for a mega logistics facility

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Published Thu, Aug 7, 2014 · 10:00 PM

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MAINBOARD-LISTED logistics group CWT Ltd reported a robust second-quarter performance yesterday, while also unveiling plans to build a new mega logistics facility.

CWT said its net profit attributable to shareholders for the three months ended June 30, 2014 jumped 67 per cent from the year-ago period to S$30.3 million. This was on the back of a 114 per cent year-on-year surge in revenue to S$3.69 billion for the quarter.

The group's earnings per share for the quarter were 5.04 Singapore cents, up from 3.02 cents the year before.

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