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Cogent 1Q continues Growth Momentum

Vincent Chia
Cogent 1Q continues Growth Momentum

Cogent Holdings Limited announced its 1Q results. 1Q revenue was up 14% to $31.0 million while 1Q PATMI was up 73% to $ 5.3million. This was attributed to growth in all its business segments. Some key contributors include its newly completed logistics hub, service rate hikes for its Container Depot Management Services and increased demand for its vehicle storage and transportation services. Going forward, Cogent expects more income from its Logistics Hub as utilisation rates increase. There is also new crane infrastructure for its Container Depot Management Services which is expected to come onstream after 2Q 2015.

GET TO THE POINT : Always good to have all-round growth from all the business segments.

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