Logistics provider CWT reported net profit after tax of $113.9 million in FY15, up marginally from the previous year.
This is despite a 30% drop in revenue to $9.9 billion and after providing for an estimated net loss of $8.8 million arising from the Tianjin blasts on 12 August 2015.
The decrease in group revenue was due to lower trading volume of naphtha and a general drop in commodity prices amidst a downturn in the commodity sector.
Shares in CWT ended flat at $1.80 on Wednesday.
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This is despite a 30% drop in revenue to $9.9 billion and after providing for an estimated net loss of $8.8 million arising from the Tianjin blasts on 12 August 2015.
The decrease in group revenue was due to lower trading volume of naphtha and a general drop in commodity prices amidst a downturn in the commodity sector.
Shares in CWT ended flat at $1.80 on Wednesday.
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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