Logistics company Cogent’s 4Q earnings fell 33% to $7.3 million from the year before.
Operating income plunged 92% to $0.5 million due to a $5.9 million one-off gain from disposal of property in 4QFY2014.
Revenue increased 9% to $33.3 million, buoyed by its warehousing logistics management services at its new logistics hub, Cogent1.Logistics Hub. Container depot services and automotive logistics management services continued to see demand for the period.
For the full year, earnings rose 3% to $25.5 million, while revenue grew 9% to $129.2 million.
A first and final dividend of 1.88 cents a share was recommended, compared with 2.58 cents per share in FY2014.
Cogent ended 2.2% lower at 47.5 cents.
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Operating income plunged 92% to $0.5 million due to a $5.9 million one-off gain from disposal of property in 4QFY2014.
Revenue increased 9% to $33.3 million, buoyed by its warehousing logistics management services at its new logistics hub, Cogent1.Logistics Hub. Container depot services and automotive logistics management services continued to see demand for the period.
For the full year, earnings rose 3% to $25.5 million, while revenue grew 9% to $129.2 million.
A first and final dividend of 1.88 cents a share was recommended, compared with 2.58 cents per share in FY2014.
Cogent ended 2.2% lower at 47.5 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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