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Mooreast returns to profitability with higher revenue and margins

The Edge Singapore
The Edge Singapore  • 2 min read
Mooreast returns to profitability with higher revenue and margins
Photo: Albert Chua
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Mooreast Holdings, which specialises in rigging and mooring systems, has reported a turnaround thanks to higher revenue and better margins.

Earnings for its 2HFY2025 ended Dec was $106,000, reversing from a loss of just over $1 million in the year-earlier period. This brings its full-year earnings to $3.64 million, versus $2.3 million in red ink in the preceding FY2024.

Revenue for the second half increased by 15% y-o-y to $13.2 million, bringing whole of FY2025's topline to $38.3 million, a jump of 53%.

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