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Cosco’s 3Q net loss widens by 25% to $102 mil

Gwyneth Yeo
Gwyneth Yeo11/11/2016 06:32 PM GMT+08  • 1 min read
Cosco’s 3Q net loss widens by 25% to $102 mil
SINGAPORE (Nov 11): Cosco Corporation (Singapore) saw 3Q net loss widened 25% to $102.3 million from the net loss of $82.1 million a year ago.
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SINGAPORE (Nov 11): Cosco Corporation (Singapore) saw 3Q net loss widened 25% to $102.3 million from the net loss of $82.1 million a year ago.

Revenue for the quarter to Sept fell 30% to $662.3 million on the back of lower revenue from the shipyard and shipping operations.

Shipyard operations revenue fell 30.3% to $654.7 million from lower revenue contribution from ship repair, shipbuilding and marine engineering.

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