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Cosco hit by turbulent quarter

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Published Thu, Nov 12, 2015 · 09:50 PM

    Singapore

    ADVERSE market conditions have dealt a severe blow to Cosco Corporation (Singapore) as it emerged from the third quarter with a net loss attributable to equity-holders of S$82.1 million compared with a net profit of S$7.1 million a year ago.

    Including non-controlling interests, net loss was S$151.9 million, against a net profit of S$7.5 million for the previous corresponding perio.

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