SINGAPORE: Cosco Corp Singapore said its first quarter net profit rose 12 percent to S$42 million.
This was fuelled by better results from its ship repair, ship building and marine engineering businesses.
Cosco Corp is a unit of Cosco Shipping, the largest shipping and logistics firm in China.
Cosco Corp's revenue increased a third to some $356 million.
Its order book crossed the billion dollar mark to $1.05 billion in March, as a result of new orders for conversions and building of offshore oil and gas vessels.
Looking at its prospects, Cosco Corp said it expects this year's performance to be better than last year's.
This was fuelled by better results from its ship repair, ship building and marine engineering businesses.
Cosco Corp is a unit of Cosco Shipping, the largest shipping and logistics firm in China.
Cosco Corp's revenue increased a third to some $356 million.
Its order book crossed the billion dollar mark to $1.05 billion in March, as a result of new orders for conversions and building of offshore oil and gas vessels.
Looking at its prospects, Cosco Corp said it expects this year's performance to be better than last year's.
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