Singapore Shipping Corp has reported a 27.5% jump in fourth quarter figures, but it was not enough to see the shipowner post a weaker full-year result.
The Ow Chio Kiat-led car carrier specialist reported net income of $1.6m for the last three months of the financial year versus the $1.26m seen 12 months earlier.
The growth in net income came despite a 6% decline in revenue to $10.3m.
