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Shipbuilding Cosco Corp profit declines 71pc to US$24.14 million
CHINESE shipbuilder Cosco Corp (Singapore) posted a year-on-year 71 per cent decline in net profit to S$30.6 million (US$24.14 million), Reuters reported.
Singapore-listed Cosco Corp, a unit of state-owned Cosco Group did not state its fourth-quarter results, but in the first nine months of 2013, net profit fell to S$26 million year on year, though its order book was up to S$7.8 billion from S$7.2 billion from a quarter earlier.
Singapore-listed Cosco Corp, a unit of state-owned Cosco Group did not state its fourth-quarter results, but in the first nine months of 2013, net profit fell to S$26 million year on year, though its order book was up to S$7.8 billion from S$7.2 billion from a quarter earlier.
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