Offshore and marine company Seatrium returned to profitability in H1 2024 with a 39% revenue increase to S$4.0 billion.

Offshore and marine company Seatrium returned to profitability in H1 2024, with a revenue of S$4.0 billion, up 39% from H1 2023's S$2.9 billion. Underlying EBITDA improved to S$390m, reversing a net loss of S$264m in H1 2023. Seatrium's net order book stood at S$26.1bn as of 30 June, a 61% increase from the end of 2023. The company's growth is supported by broad-based demand across the oil and gas and renewables sectors.

August 02, 2024
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