Seatrium Ltd

5E2: XSES (SGP)
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Seatrium Earnings: Margins Improve as Focus Remains on Order Wins; Valuation Raised 4%

Seatrium's first-half revenue grew 4.7% year on year to SGD 5.6 billion, while net profit rose 158% to SGD 373 million. Excluding divestment gains, net profit increased 54% to SGD 212 million. The company's SGD 13.3 billion net order book comprises 24 projects scheduled for delivery through 2033.

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