Seatrium Returns to Attributable Profit in H2 2024; Shares Down 4%

MT Newswires

02-21

Seatrium (SGX:5E2) booked an attributable profit to owners of SG$120.9 million for the second half of 2024, against an attributable loss of SG$1.75 billion a year earlier, according to a filing with the Singapore Exchange on Friday.

The company reported earnings per share of SG$0.0352 compared with a loss per share of SG$0.5137 in the comparable period.

Revenue jumped 18% year over year to SG$5.22 billion from SG$4.41 billion, backed by achievement of production milestones and higher repairs and upgrade activities.

Shares of the shipbuilding and repairing company were down over 4% in recent trading.

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