Singamas Container Holdings Limited (00716) has issued a profit warning. For the six months ending June 30, 2026, the company expects its shareholders' attributable comprehensive profit to be no more than $6 million. This compares to a profit of $13.404 million recorded in the same period last year (the six months ended June 30, 2025).

The anticipated decline in profit for the 2026 interim period is primarily attributed to the continuous drop in the average selling price of dry containers, coupled with intense market competition. Additionally, the company's ongoing business transformation process has negatively impacted its revenue. Furthermore, an increase in administrative expenses, triggered by events disclosed in the company's announcements dated April 30, 2026, and May 20, 2026, has also affected the group's profitability during this period.