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Higher operating costs slash Cosco Q3 earnings by 46%
Company's non-independent executive director and board chairman Gu Jing Song resigns after becoming chairman of the board in August
Published Tue, Nov 12, 2019 · 09:50 PM
Singapore
MAINBOARD-LISTED Cosco Shipping International (Singapore) on Tuesday posted worse performance as net profit fell for another quarter and its board chairman stepped down.
Third-quarter net profit for Cosco - which deals in logistics and ship repairs, among other businesses - declined 46 per cent to S$1.2 million, largely on higher operating costs.
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