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Oceanus back in the black with full-year profit of 176m yuan

Revenue for the period doubled to 20.7 million yuan, from 10.4 million yuan a year ago

Michelle Quah

Published Thu, Mar 1, 2018 · 09:50 PM

Singapore

OCEANUS Group, which has been on the Singapore Exchange's (SGX) watch-list since December 2015, reached a "turning point" in the year 2017.

The premium seafood supplier said on Thursday that it was finally back in the black, with a net profit attributable to shareholders of 176 million yuan (S$36.8 million) for the year ended Dec 31, 2017, from a loss of 62.2 million yuan the year before.

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