SINGAPORE (Aug 1): Logistics provider CWT, which has received a $1.4 billion privatisation offer from China's HNA Group, says 1H17 earnings doubled to $80.2 million from $37.3 million in 1H16 on higher sales.
For 1H17 ended June, CWT reported a revenue of $5.2 billion, 22% higher than the $4.2 billion last year. Gross profit rose 11% to $167.6 million from $150.7 million.
See: HNA said to face lender questions on US$1 billion CWT takeover
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