COSCO SHIPPING International (Singapore) Co., Ltd., a prominent logistics management service provider listed on the Singapore Exchange, has announced a 15% increase in net profit attributable to equity holders for the first half of 2025, reaching $2.6 million. This growth is primarily driven by higher profit margins in logistics and ship repair and marine engineering segments.
The company’s revenue for the period ending 30 June 2025 rose by 11% to $91 million compared to the same period in 2024. Logistics activities, which contributed 89% of the total revenue, saw a 12% increase to $80.6 million, largely due to enhanced transportation and container depot services. Meanwhile, revenue from ship repair and marine engineering experienced a modest 1% rise.
Despite the positive financial performance, COSCO SHIPPING International faced challenges, including a 28% decrease in other income and a 52% drop in interest income due to lower interest rates. Administrative expenses also rose by 8%, attributed to increased corporate function costs.
The global economic landscape remains uncertain, with trade protection policies and geopolitical tensions affecting supply chains. However, the International Monetary Fund’s July 2025 projection of a 3.0% global growth rate offers some optimism. Locally, Singapore’s GDP growth averaged 4.2% in the first half of 2025.
Looking ahead, COSCO SHIPPING International remains focused on long-term growth and resilience, aiming to expand its infrastructure and network across Southeast Asia. The company is committed to becoming a leading integrated shipping and logistics service provider in the region, delivering sustainable value to its shareholders.
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