CWT Listed on Forbes Global 2000 Biggest Public Companies
SINGAPORE /PRNewswire/ -- CWT Limited ("CWT" or the "Group") today announced that it has been listed on the just released Forbes Global 2000 biggest public companies for 2015. The Forbes Global 2000 is a comprehensive list of the world's largest, most powerful public companies with the top composite scores based on their rankings for revenues, profits, assets and market value. CWT is among 200 debutantes to this year's Global 2000 and ranked #1926 in the overall listing. The full Forbes Global 2000 list can be found athttp://www.forbes.com/global2000/list/.
"It is truly rewarding for CWT to be ranked alongside the world's best public companies," said CWT Group CEOLoi Pok Yen. "Our dedicated workforce and resilient operating model have produced a compounded annual growth rate on operating profits of 49% whilst returning 972% of shareholder investment over a decade. I congratulate and thank all our employees, shareholders and stakeholders who made this success possible."
CWT is focused on creating better supply chain and opportunities for world trade. It operates an integrated business structure with logistics at the core of its global activities and supports a diverse worldwide customer base through its regional offices and network of service partners. The Group's reportable segments include Logistics Services, Commodity Marketing, Financial Services and Engineering Services.
CWT recently expanded its wine storage business by extending coverage from wine merchants to private wine collectors under the Singapore Wine Vault brand. In addition, CWT is building a 2.4 million sq. ft. mega logistics hub which will further strengthen its solid warehousing infrastructure and support increasing regional hub distribution activities led by the future growth of E-commerce in Asia.
In February, CWT reported record earnings for financial year 2014. The Group posted revenue of S$15.2 billion, gross profit of S$330.8 million and net operating profit after tax of S$113.2 million; up 67%, 13% and 15% year-on-year respectively. It also raised its final dividend by 14% to 4 cents per ordinary share.
CWT is scheduled to release its first quarter 2015 results on May 14, 2015 after trading hours.
About CWT
CWT is a leading provider of integrated logistics and supply chain solutions. Our business is about connecting world trade. We move, build and power customers' supply chain forward. We combine our logistics capabilities, global network and resources to add value for customers. CWT Group also provides commodity marketing, financial and engineering services ancillary to its core logistics business. For more information, visitwww.cwtlimited.com.
For more information, contact:
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CWT Limited |
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Lynda GOH |
Johan LIM |
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Deputy Group CEO & Group CFO |
Senior Manager, Corporate Communications |
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Tel: (65) 6307 8338 |
Tel: (65) 6307 8018 |
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Fax: (65) 6261 2373 |
Fax: (65) 6261 2373 |
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Email: [email protected] |
Email: [email protected] |
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