Seatrium's Attributable Profit Balloons 158% in H1

MT Newswires07-31 10:35

Seatrium's (SGX:5E2) profit attributable to owners surged 158% during the first half of the year to SG$372.9 million from SG$144.4 million a year earlier, according to a Friday filing with the Singapore Exchange.

Earnings per share rose to SG$0.1088 compared with SG$0.0423 in the year-ago period.

Revenue of the offshore marine and energy company edged up 4.7% year over year to SG$5.62 billion from SG$5.37 billion.

There was no dividend recommended for the reporting period ended June 30.

The group foresees its 2026 net profit significantly surpassing that of 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment