Singamas back in the black with US$17.2m H1 profit
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THE Hong Kong-listed container manufacturing subsidiary of Singapore-based liner group Pacific International Lines (PIL) turned around in the first half of this year, thanks to a 45 per cent surge in its revenue mainly due to a jump in container sales and a higher average unit selling price.
Singamas was back into the black with a US$17.18 million profit for the six months ended June 30, 2017, a reversal from a US$38.09 million loss for the year-ago period.
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