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Cogent full year shows strong operating performance

Vincent Chia
OLS Enterprise enters Termsheet for $300 million RTO

Cogent Holdings Limited announced its full year results. Full year revenue was up 5% year-on-year to $118.5 million while full year PATMI was up 63% year-on-year to $24.7 million. There was a one-time gain of $6.9 million net of tax. Excluding this gain, PATMI growth was 18% year-on-year. Cogent’s 4 business segments showed growth with the Automotive Logistics Management business growing fastest at 12% year-on-year. This was attributed to increased demand for vehicle storage services and vehicle transportation. Going forward, Cogent is focused on getting its Logistics Hub operationally ready and commissioned.

GET TO THE POINT : Always good to have all business segments growing.

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