Brief: Cosco Shipping International (Singapore) posts Q2 loss attributable of S$20.8 mln

COSCO Shipping International (SINGAPORE)

04/08/2017 10:39

Aug 4 (Reuters) - Cosco Shipping International (Singapore) 
Co Ltd  COSC.SI : 
    * Q2 loss attributable to equity holders of co S$20.8 
million versus loss of S$36.8 million  
    * "As such, 2017 will remain challenging for group" 
    * Qtrly turnover S$524.7 million versus S$762.9 million 
    * "Expects operating margins on new ship building and 
offshore contracts to continue to be subject to severe downward 
pressure" 
    * "Level of new ship building orders continues to remain 
very low" 
    * "Ship building segment will continue to be highly 
challenging in 2017" 
    * Expects difficult and challenging business and operating 
conditions to persist; does not exclude possibility that 
conditions may worsen 
 
Source text for Eikon:  ID:nSNZK7y9t  
Further company coverage:  COSC.SI  
 
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