SUBSCRIBERS
Seatrium achieves first full-year profit with S$120.9 million H2 earnings
On its return to profitability, the company proposes a final dividend of S$0.015 a share
Published Fri, Feb 21, 2025 · 08:17 AM — Updated Fri, Feb 21, 2025 · 11:14 PM
SEATRIUM swung into the black with a net profit of S$120.9 million for the second half ended Dec 31, from a net loss of S$1.8 billion in the same period a year earlier.
Together with a H1 turnaround, the offshore and marine specialist marked its first full-year profit since its reconstitution in 2023.
The H2 earnings were attributed to higher contributions from revenue recognition, fair-value gain on investments, as well as share of profit from associates, the group said on Friday (Feb 21).
Copyright SPH Media. All rights reserved.
