Singapore container line Samudera Shipping posted a 158.1 percent increase in net profit to US$7.15 million for the three months ended September 30 compared with the same period in 2006.
For the nine months, net profit was $16.58 million, an increase of 66.1 percent over the same period a year ago.
Net profit margin for the third quarter was seven percent compared to 2.4 percent in 2006.
The third quarter performance took into consideration a non-recurring gain of $1.1 million on the disposal of an investment property and investment securities in the previous year, as well as a foreign exchange loss of $1.1 million.
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