Cosco Shipping FY18 profit falls to S$13m
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Singapore
IN THE absence of profit from discontinued operations, mainboard-listed Cosco Shipping International (Singapore) saw net profit fall 93 per cent to S$13 million for the year ended Dec 31, 2018, down from S$189.4 million the year before, the firm announced on Friday evening.
Profit from continuing operations was S$16.9 million in FY2018, reversing a loss of S$26.6 million in FY2017.
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