Vibrant Group Returns to Profit in Fiscal H1

MT Newswires

2024-12-16

Vibrant Group (SGX:BIP) booked an attributable profit of SG$3.3 million in the fiscal first half, compared with an attributable loss of SG$3.2 million a year earlier, a filing with the Singapore Exchange said on Friday.

Earnings per share came in at SG$0.0049 compared with a loss per share of SG$0.0047 in the comparable period.

The logistics company's revenue was up 12% year over year to SG$78.7 million from SG$70.0 million in the year-ago period, mainly due to higher sea freight rates and increased cargo volumes.

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