Seatrium’s H2 loss widens to S$1.7 billion, proposes 20-to-1 share consolidation to axe ‘penny stock’ status

Seatrium reported a net loss of S$1.7 billion for the second half ended Dec 31, 2023, widening from a net loss of S$118.3 million in the same period a year earlier.

Loss per share (LPS) for the period stood at S$0.0246 as opposed to LPS of S$0.0038 in H2 FY2022.