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Courage Investment Group to Turn to Profit in 2021

MT Newswires ·  {{timeTz}}

01:07 AM EST, 01/26/2022 (MT Newswires) -- Courage Investment Group (HKG:1145, SGX:CIN) expects to record a profit attributable to owners in the 12 months ended Dec. 31, 2021, mainly due to the reversal of impairment loss on vessels of about $13 million and increase in profit contribution from the marine transportation operation.

The attributable profit should come in at no less than $10 million, against an attributable loss of $3.5 million a year ago, according to a late Tuesday bourse disclosure.

The dual-listed shipping company will disclose financial results for 2021 before the end of March.

Price (HKD): $0.03, Change: $0.00, Percent Change: 0.00%

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