Commodities tar CWT's FY14 revenue growth


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.


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