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Samudera Shipping declares S$0.1275 a share special dividend as FY2021 net profit rises

Better performance from its container shipping segment due to higher freight rates leads to profit surge; final dividend of 0.75 cent proposed

Published Fri, Feb 25, 2022 · 05:50 AM

Samudera Shipping

Singapore

SAMUDERA Shipping Line on Thursday (Feb 24) posted a net profit of US$128.6 million for the full year ended Dec 31, 2021, from US$7.2 million the year before due to better performance from its container shipping segment as a result of higher freight rates.

The board has proposed a special dividend of 12.75 Singapore cents a share, higher than the 0.30 cent special dividend declared the previous year. A final dividend of 0.75 cent was also proposed, unchanged from the corresponding period the year before.