Seatrium expects net profit for 1HFY2024 in profit guidance

Further details will be disclosed in its financial results to be released on Aug 2.

Seatrium is expecting to report a net profit for 1HFY2024 ended June, based on preliminary review of its unaudited results.

In a profit guidance filing, the company says further details will be disclosed in its financial results to be released on Aug 2.

For its FY2023, net loss stood at $1.9 billion due to non-cash write downs, provisions for contracts, legal and corporate claims, as well as merger expenses which amounted to $2 billion for the year.

Shares in Seatrium closed 3 cents higher or 2% up on July 26 at $1.50.

 

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