SINGAPORE: Singapore Shipping Corp reported that net profit for the 12 months to March 31 rose 8.8 per cent to US$9.3 million (S$12.4 million) from a year ago.
Full-year revenue inched up 2 per cent to US$35.1 million, on the back of increased revenue from the ship owning segment.
Revenue from ship owning segment increased 63 per cent quarter-on-quarter, and 9.4 per cent year-on-year.
This was owing to three vessels delivered between last September 2014 and March, partially offset by weaker performances in the agency and logistic segment.
