COSCO Shipping International (Singapore) Co., Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported turnover of SGD 42,153,000 compared to SGD 6,997,000 a year ago. Profit before income tax was SGD 3,374,000 compared to loss of SGD 3,965,000 a year ago. Profit from continuing operations was SGD 2,204,000 compared to loss of SGD 4,137,000 a year ago. Total profit was SGD 2,204,000 compared to SGD 19,433,000 a year ago. Profit attributable to equity holders of the company was SGD 2,123,000 compared to SGD 24,769,000 a year ago. Basic and diluted earnings per share from continuing operations were 0.09 cents compared to loss of 0.19 cents a year ago. Net cash provided by operating activities was SGD 5,295,000 compared to net cash used in operating activities was SGD 106,250,000 a year ago. Purchase of property, plant and equipment was SGD 10,224,000 compared to SGD 2,689,000 a year ago.

For the nine months, the company reported turnover of SGD 122,831,000 compared to SGD 29,201,000 a year ago. Profit before income tax was SGD 10,492,000 compared to loss of SGD 23,579,000 a year ago. Profit from continuing operations was SGD 7,579,000 compared to loss of SGD 23,912,000 a year ago. Total profit was SGD 7,579,000 compared to loss of SGD 157,597,000 a year ago. Profit attributable to equity holders of the company was SGD 7,390,000 compared to loss of SGD 74,971,000 a year ago. Profit for the period was SGD 7,579,000 compared to loss of SGD 157,597,000 a year ago. Basic and diluted earnings per share from continuing operations were 0.33 cents compared to loss of 1.07 cents a year ago. Net cash provided by operating activities was SGD 3,394,000 compared to SGD 307,055,000 a year ago. Purchase of property, plant and equipment was SGD 17,261,000 compared to SGD 7,321,000 a year ago.

For the quarter, Write-off of property, plant and equipment was SGD 3,000.