Cosco Shipping posts 13% higher FY20 earnings of S$8.3 mil

Cosco Shipping posts 13% higher FY20 earnings of S$8.3 mil
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SINGAPORE (March 1): Cosco Shipping has reported FY20 earnings of S$8.3 million, from S$7.4 million in the FY19.

Group sales revenue for the full-year ended December stood 8% y-o-y higher at S$185.8 million, mainly due to the inclusion of revenue from the newly-acquired subsidiaries in Malaysia, and revenue from the chartered in of bulk carriers.

The higher revenue was also due to higher revenue contribution from...(click on link for full story on theedgesingapore.com)