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PRESS CLIPPINGS |
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The Straits Times
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Oct
29, 2004 |
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Samudera Profit swells to $23m
SAMUDERA Shipping Line yesterday reported a net profit of $23.2
million for the quarter ended Sept 30, up more than 10 times
from $2.2 million in the same period last year.
The group's revenue rose 25.7 per cent to $165.4 million, arising
from the deployment of three additional coal carriers and one
chemical carrier. Contributions from new subsidiaries in India
and Thailand, together with an increase in container volume
and improved freight rates also helped.
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