Samudera shipping - strong results. Shipping freight rates remain strong
Samudera Shipping's H1 net profit has increased more than five times on the back of higher freight rates and significant cost-management measures put in place by the group. Net profit for the half-year ended June 30 was US$36.7 million, up from US$7.2 million a year ago. Earnings per share worked out to 6.83 US cents, up from 1.33 US cents.
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