Singamas Expects 2025 Profit to Drop to No More Than US$18 Million

Reuters
Jan 16
Singamas Expects 2025 Profit to Drop to No More Than US$18 Million

Singamas Container Holdings Limited has announced that it expects to report a consolidated profit attributable to owners of the Company of not more than US$18 million for the year ended 31 December 2025. This represents a significant decrease compared to the consolidated profit of US$34.135 million recorded for the year ended 31 December 2024. The decrease in profit is primarily attributed to industry overproduction of containers in 2024, which led to a decline in the average selling price of dry freight containers and intensified market competition.

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