Revenue in the same period dipped by 4% to $178.7 million, no thanks to a weaker showing by its core logistics business as demand from "key customers" was lower.
Cosco Shipping International (Singapore) has made a marginal profit of $1.9 million for FY2023, an improvement from a $88.6 million loss suffered in the preceding year.
Back in FY2022, Cosco made an impairment of $99 million from its 2018 acquisition of Cogent Holdings.
