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|  | ¡¡¡¡COSCO Corp (Singapore) first-half turnover doubled-to USD1.76 billion from USD868.1 million. And profit rose 74 %to USD212.6 million. And it continued its good form in the second quarter, with a 60% year-on-year rise in profit to USD128.7 million on a doubling of turnover to USD1.05 billion from USD512.3 million. It was also the first time that the group reported quarterly revenue of more than USD1 billion.
¡¡¡¡Growth was benefited from the expansion of COSCO¡¯s facilities and resulting increased capacity. In the dominant (93%) ship repair, shipbuilding and marine engineering business, turnover rose 112 % to USD978.2 million, while the dry bulk shipping business saw steady 38% growth to USD61.1 million.
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