COSCO Shipping International Returns to Profit in H2 2024

MT Newswires

03-03

COSCO Shipping International (Singapore) (SGX:F83) booked an attributable profit of SG$3.2 million during the second half of 2024, against an attributable loss of SG$59,000 a year earlier, according to a filing with the Singapore Exchange on Friday.

Earnings per share came in at SG$0.0014 compared with a loss per share of SG$0.00003 a year earlier.

Sales rose 2% year ver year to SG$90.7 million from SG$88.5 million a year prior, mainly due to higher revenue from ship repair and fabrication works.

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