Seatrium losses could be close to $500 mio in 2023 - Printable Version
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Seatrium losses could be close to $500 mio in 2023 - Scythian - 04-02-2024
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."
RE: Seatrium losses could be close to $500 mio in 2023 - p1acebo - 04-02-2024
How’s Australia? Are you happy there?
RE: Seatrium losses could be close to $500 mio in 2023 - ysh02 - 04-02-2024
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 ?
RE: Seatrium losses could be close to $500 mio in 2023 - hansamu - 04-02-2024
No dividend......
RE: Seatrium losses could be close to $500 mio in 2023 - Scythian - 04-02-2024
(04-02-2024, 08:23 AM)p1acebo Wrote: How’s Australia? Are you happy there?
Australia is a lucky country
Yes ofcoz very happy
RE: Seatrium losses could be close to $500 mio in 2023 - Scythian - 04-02-2024
"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+is+owned+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
RE: Seatrium losses could be close to $500 mio in 2023 - p1acebo - 04-02-2024
(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.