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Cogent's Q3 profit slips 6% on higher depreciation charges, expenses

Cogent's Q3 revenue grew 4 per cent to S$35.3 million due mainly to the higher business volume handled by the container depot management services and transportation management services.


HIGHER depreciation charges and contract services expenses dented Cogent Holdings' third-quarter results.

Net profit fell 6 per cent to S$7.4 million from the previous year, the logistics service provider said in a Singapore Exchange filing on Monday evening.


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