Singapore Shipping Corporation's full-year net profit up 7.8%

SINGAPORE - Full-year net profit at Singapore Shipping Corporation increased 7.8 per cent to US$9.6 million (S$13.2 million).

Revenue for the 12 months to March 31 rose 29.4 per cent to US$44.9 million, compared with the same period a year earlier.

This was on the back of strong performance from the ship owning segment following the delivery of three vessels.

Full-year earnings per share was 2.2 US cents, up from 2 US cents a year ago, while net asset value per share was 16.3 US cents as at March 31, up from 15.2 US cents as at March 31 last year.

rachaelb@sph.com.sg