Corporate digest

CWT Limited

HOMEGROWN logistics player CWT Limited has posted a first quarter net profit of S$30.2 million, up 28 per cent year on year, lifted by its strong commodity marketing and logistics businesses.

Revenue for the three months at end March 2017 surged 39 per cent year on year to S$2.6 billion, largely driven by its commodity marketing segment which recorded higher trading volume at significantly higher commodity prices over the same period a year ago.