SSC full-year profit up 25.7% at US$8.6m

SINGAPORE Shipping Corporation's full-year net profit rose 25.7 per cent to US$8.6 million from US$6.8 million a year earlier.

Revenue for the 12 months ended March 31 rose 73 per cent to US$34.4 million from US$19.9 million. This was mainly due to the acquisition of the agency and logistics business in April 2013.

Earnings per share were two US cents, compared with 1.6 US cents the year before.