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Seatrium expects to improve its productivity once the assets surplus to its operations are written down. PHOTO: BT FILE
Seatrium

SEATRIUM expects a financial loss for FY2023 that is “significantly higher than the previous year”, based on its profit guidance on Tuesday (Jan 30).
The group noted that it is expected to make a material non-cash write-down related to the “surplus non-core assets and obsolete inventories” for the financial year, which were identified by the management’s strategic review.
“In line with the group’s business transformation, management undertook a strategic review of its business focus, operational footprint, and assets required to support its strategy of building a profitable and resilient business going forward,” said the group, noting that the assets as surplus to its operations would be written down to improve its productivity."
(This post was last modified: 04-02-2024, 08:05 AM by
Scythian.)
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How’s Australia? Are you happy there?
Wherever you go, no matter what the weather, always bring your own sunshine
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Old news four days ago; Prices dropped from 11.2 c till 10c , do you think will recover after if they got projects from Brazil rigs 84,85 under direct discussion on the way ?
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(04-02-2024, 08:23 AM)p1acebo Wrote: How’s Australia? Are you happy there? ![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
Australia is a lucky country
Yes ofcoz very happy
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"Equities %
Temasek Holdings Pte Ltd. (Investment Management) 38.06 % 25,973,271,868 38.06 %
KEPPEL LTD. 4.897 % 3,341,858,604 4.897 %
DBS GROUP HOLDINGS LTD 3.410 % 2,326,647,473 3.410 %
The Vanguard Group, Inc. 1.998 % 1,363,400,342 1.998 %"
https://www.google.com/search?q=seatrium...by+temasek&oq=seatrium+is+owned+by+temasek&gs_lcrp=EgZjaHJvbWUyCwgAEEUYChg5GKABMgkIARAhGAoYoAEyCQgCECEYChigATIHCAMQIRiPAjIHCAQQIRiPAtIBCTE1NTExajBqNKgCALACAA&client=ms-android-oppo-rvo3&sourceid=chrome-mobile&ie=UTF-8#:~:text=Name-,Equities,1.998%20%25,-6%20more%20rows
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(04-02-2024, 09:37 AM)Scythian Wrote: Australia is a lucky country
Yes ofcoz very happy
I like Australia too. But they are still very racist in certain parts of the country like Adelaide.
Wherever you go, no matter what the weather, always bring your own sunshine
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