Commodities tar CWT's FY14 revenue growth

Singapore

LOGISTICS, commodity and engineering group CWT posted a 5 per cent gain in 2014 net profit as a margin squeeze in commodity marketing offset a jump in revenue.

CWT said net profit for the year to end-December 2014 increased to S$113.9 million, or 18.73 Singapore cents per share, from S$108.1 million, 17.65 Singapore cents per share a year earlier.

The board is proposing to pay 4 Singapore cents per share as a final one-tier dividend, up 14 per cent from its payout for the previous year.

CWT shares closed at S$1.68 on Monday, lower by 0.6 per cent or one Singapore cent, before the results were announce…