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CWT Ltd Q3 net profit up 70%

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Logistics firm CWT Ltd on Thursday posted a 70 per cent surge in net profit for the third quarter on stronger revenue.

LOGISTICS firm CWT Ltd on Thursday posted a 70 per cent surge in net profit for the third quarter on stronger revenue.

Net profit for the three months ended Sept 30, 2014 stood at S$32.5 million, up from S$19.1 million a year ago.

Revenue grew 70 per cent to S$3.77 million, with the largest increase coming from its commodity marketing and financial services.

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