Singamas Container Holdings' net profit in the year to December 31 surged 78 per cent to US$6.08 million.
Turnover for the container manufacturer jumped 30 per cent to US$179.72 million. Earnings per share were 1.33 US cents, up from 0.75 US cents in the previous year.
Chief executive Teo Siong Seng attributed the higher earnings to improvements in the group's container manufacturing business, which made up 83 per cent of turnover last year.
'The demand for new containers was much higher last year because of increased exports from the mainland,' Mr Teo said.
'Higher selling prices, as well as a drop in the costs of raw materials, helped lift our profit.'
As well, its container depot and mid-stream businesses also improved.
Revenue from the container manufacturing arm rose 35 per cent year on year, to US$148.54 million.