Hong Kong-listed SITC posted a net profit of $85.32m in the period ended 30 September 2013, up 21.5% compared to $70.24m a year ago.
Revenue inched up 2.3% year-on-year to $905m due primarily to higher shipping volumes and growth in the company's freight forwarding volume for land-based logistics.
During the nine-month period, SITC saw its sea freight logistics shipping volume rose to 1.46m teu compared to 1.3m teu in the corresponding period of 2012.
The average freight rate for the nine months, however, was $487 per teu, representing a decrease of 10.2% over the average freight rate of $542 per teu for the same period of last year.
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