Cosco Singapore in the first quarter turnover up 16.9%

Although the ship repair, alteration and dry bulk transportation revenue, but revenue shipbuilding and marine engineering projects increased, so that the first quarter of this year, Cosco Singapore to reach a turnover of 835 million Singapore dollars (1 U.S. dollar equals 1.39 dollars), increase compared to last year as high as 16.9%.

Cosco Singapore to data released the same day, shipbuilding and marine engineering projects as the strong increase in revenue, the company's business turnover from the dock in the first quarter of this year reached 800 million Singapore dollar, an increase of 20.3% year over year, but the business of dry bulk cargo transportation business amount of only 32 million Singapore dollars, up 30.7% decrease.

The data also show that in the first quarter, the company's gross margin fell to 78.5 million Singapore dollars, up 32.9% decrease. At the same time, the company's first quarter net profit contribution to shareholders fell to 31.7 million Singapore dollars, year on year decrease of 4.3%.