Tuesday, Jun 2, 2015Tuesday, Jun 2, 2015

Vibrant Group reports higher Q3 profit

Published on Mar 13, 2014 9:40 PM

Vibrant Group, formerly known as Freight Links Express, has reported a 4.9 per cent rise in third quarter net profit to $9.1 million.

Revenue for the three months to Jan 31 rose by 12 per cent to $48.3 million.

The increase in revenue was mainly due to the increase in demand for freight and logistics business with the completion of a new chemical hub in Jurong Island.

Higher profit was mainly attributed to better performance in the freight and logistics business segment.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!