Cogent’s 1Q earnings jump 45% to $7.8 mil

SINGAPORE (May 13): Mainboard-listed integrated logistics solutions provider Cogent Holdings posted 1Q earnings of $7.8 million, a 45% increase from $5.3 million in 1Q15,

Revenue grew 6% to $32.8 million, from $31.0 million in 1Q15, driven by improved contributions from its warehousing operations at the Cogent1.Logistics Hub, as well as its automotive logistics management services and container depot management services segments.

Cogent’s Warehousing and Property Management Services segment led revenue gains, increasing 16% to $14.7 million, mainly due to the increased warehousing and logistics services contract secured at Cogent1.Logistics Hub.

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