Seatrium's Attributable Profit Surges in H1; Shares Down 5%

MT Newswires

Jul 31

Seatrium's (SGX:5E2) attributable profit to owners surged to SG$144.4 million during the first half of the year from SG$36.0 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Earnings per share rose to SG$0.0423 compared with SG$0.0105 in the comparable period. Analysts polled by Visible Alpha had estimated EPS of SG$0.04 for the period.

Revenue jumped 34% year over year to SG$5.38 billion from SG$4.01 billion. Analysts polled by Visible Alpha had estimated revenue to be SG$4.12 billion for the period.

Shares of the company were down nearly 5% in recent trading.

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