Revenue rose by 30.8% y-o-y to $178.7 million in the 1HFY2024 as all of the group’s segments saw y-o-y growths. Group revenue for the 2QFY2024 rose by 30.5% y-o-y to $90.6 million on the back of higher contributions from shipbuilding and shipchartering.
ASL Marine has reversed into the black, reporting earnings of $1.66 million in the 1HFY2024 ended Dec 31, 2023, compared to its loss of $20.8 million in the same period the year before. ASL Marine still reported a loss – albeit a narrower one – of $1.65 million in the 2QFY2024, up from its loss of $12.97 million in the 2QFY2023.
Earnings per share (EPS) for the 1HFY2024 stood at 0.23 cents on a basic and diluted basis.
