The Chinese-owned group said net earnings wereSGD 22.98m ($18.29m) to 31 March, from SGD 15.54m in 2013.
Revenue was SGD 1.04bn, against SGD 733m inthe same period a year ago.
It has an orderbook worth $7.6bn up to2016.
But it said it continues to build vesselsordered in recent years at low prices due to the slump.
Cosco Corp expects “operating margins onthese new shipbuilding projects to continue to be under great pressure, notwithstandingimproving gains in efficiency and productivity.”
And
