Cogent's Q3 profit up 13% to S$7.8m
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
LOGISTICS firm Cogent Holdings' net profit for the third quarter ended Sept 30, 2016, was at S$7.8 million, up 13 per cent from S$6.9 million a year ago.
Revenue rose 4 per cent to S$34.1 million, from S$32.8 million a year ago. Improvements were driven across most segments.
"The group continues to be cautiously optimistic against a backdrop of increasing uncertainties and volatility in the global economic and geopolitical landscape," Cogent said.
It added that its Jurong Island Chemical Logistics Facility development was officially handed over to subsidiary Cogent Jurong Island Pte Ltd on Oct 13, 2016. "This paves the way for us to begin working with the various consultants and authorities in respect of Phase 1 of the building project."
Cogent traded unchanged at S$0.695 a share before results were out.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
