COSCO SHIPPING International (Singapore) (SGX:F83) expects a "significant increase" in its net profit attributable to equity holders during the first half of the year, compared to a year earlier, according to a Wednesday filing with the Singapore Exchange.
The integrated logistics provider has attributed this to increased gross profit, sundry income and decrease in interest expenses.
The company will release its financial findings not later than Aug. 12, the filing added.
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