SINGAPORE, July 30, 2015 /PRNewswire/ -- CWT Limited (SGX:C14) ("CWT" or the "Group"), a leading provider of integrated logistics solutions and Singapore's largest home-grown logistics provider, today announced its inclusion in the list of 2015 Fabulous 50 Companies ("Fab 50") by Forbes Asia. This marks a double feat for CWT with its recent 2015 Forbes Global 2000 recognition, and the third consecutive year that the Group has received the Fab 50 accolade. Fab 50 companies represent the region's best high-performing entrepreneurial companies while Forbes Global 2000 is a comprehensive list of the world's largest, most powerful public companies.
"We are pleased with the accolades that we have garnered from Forbes, which are testimony to CWT's consistent progress and growth over the years, carving it into the global logistics company it is today," said CWT Group CEO Loi Pok Yen. "By building on our strengths and outstanding teamwork, we are well positioned to help customers accelerate their time-to-market, realise new cost efficiencies and ensure supply chain integrity."
CWT is focused on creating better supply chain and opportunities for world trade through its logistics capabilities, global network and resources. 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 business segments include Logistics Services, Commodity Marketing, Financial Services and Engineering Services.
CWT recently grew its wine storage business by expanding its customer base from wine merchants to private wine collectors under the Singapore Wine Vault brand. Its wine storage facility, aptly named Singapore Wine Vault, can store up to 10 million bottles of wine. In addition, CWT is building a 2.4 million sq. ft. mega integrated logistics hub which will further strengthen its warehousing infrastructure and support increasing regional hub distribution activities led by the growth of E-commerce in Asia.
CWT reported revenue of S$1.9 billion, gross profit of S$83.4 million and net operating profit of S$29.2 million for its first quarter ended March 31, 2015. It will be announcing second quarter 2015 results on August 3, 2015 after trading hours.
Photo - http://photos.prnasia.com/prnh/20150730/8521504994
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, visit www.cwtlimited.com.
Contact:
CWT Limited
Lynda GOH
Deputy Group CEO & Group CFO
Tel: +65-6307-8338
Fax: +65-6261-2373
shlynda@cwtlimited.com
Johan LIM
Senior Manager
Corporate Communications
Tel: +65-6307-8018
Fax: +65-6261-2373
cbjohan@cwtlimited.com
