ASL Marine's Attributable Profit Slides in Fiscal Q1; Shares Down 4%

MT Newswires

2024/11/15

ASL Marine's (SGX:A04) profit attributable to owners declined 96% to SG$130,000 from SG$3.2 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share were down to SG$0.0001 from SG$0.005 in the comparable period.

Revenue was down 5% year over year to SG$84.0 million from SG$88.1 million, due to lower contribution across major business segments.

Shares of the marine and shipping infrastructure company were down nearly 4% in recent trading.

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