China-based Cosco Corp’s full-year net profit has more than doubled as revenue touched a record on robust orders for shipbuilding and marine engineering projects. Cosco’s net profit was S$248.8 million in 2010, compared with S$110.1 million a year earlier. Revenue rose 33 per cent to S$3.86 billion, its highest ever, from S$2.9 billion, the Singapore-listed company said yesterday.
Green Marine
about 15 years ago
Cosco more than doubles profit
China-based Cosco Corp’s full-year net profit has more than doubled as revenue touched a record on robust orders for shipbuilding and marine engineering projects. Cosco’s net profit was S$248.8 million in 2010, compared with S$110.1 million a year earlier. Revenue rose 33 per cent to S$3.86 billion,
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