Cosco Shipping International has swung back to the black for the first quarter thanks to more revenue from recent investments in Cogent Holdings and PT Ocean Global Shipping.
The group recorded net profit attributable to equity holders of SGD 2.8m ($2.09m) for the quarter compared to a SGD 78.9m loss a year earlier.
The Hong Kong-based subsidiary of Cosco Shipping saw revenue jump 256% to SGD 40.6m
