KUCHING: Shin Yang Shipping Corp Bhd’s (Syscorp) profits have soared, bolstered by firmer ocean freight rates, high utilisation of shipping space and delivery of new-built vessels.
In the financial year ended June 30, 2022 (FY22), Syscorp’s net profit jumped to RM141.8mil from RM16.6mil in FY21 or an increase of RM125.2mil, as revenue climbed to RM897.7mil from RM610.9mil, up RM286.8mil.
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