Singamas Container Holdings Ltd said on Friday it expected to post a consolidated profit for the year ending December 2010 as compared to a loss a year ago.

"The positive turnaround of the results of the Group is principally attributable to growing container demand as a result of improving global trading activities since the end of 2009, and higher selling prices," the company said in a filing to the Hong Kong bourse.
(Source:www.reuters.com)