Oceanus Group has reported earnings of $4.5 million for 1HFY2021 ended June 30, a surge of 459% over the same period last year.
Revenue in the same period was up 553% y-o-y to a record $52.5 million, with the bulk of the turnover contributed by its fast-growing distribution business of fast-moving consumer goods.
See also: Oceanus receives approval for further extension to meet financial exit criteria by April
From just $7.5 million in 1HFY2020, this business segment generated sales of $50.8 million for 1HFY2021.
Oceanus Group’s other business, such as so-called services, enjoyed better numbers too, with $1.3 million in turnover recorded, up from just $0.2 million.
The company notes that on April 13, it has submitted an application to the Singapore Exchange to exit the Watch-List. It will “make necessary announcements to update shareholders as to the results of its application.”
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Oceanus Group shares closed Aug 12 at 3.7 cents, up 2.78% for the day and up 23.33% year to date.
