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Oceanus posts record revenue; reverses from net loss a year ago to net profit of $8.6 mil for FY20

Felicia Tan
Felicia Tan • 4 min read
Oceanus posts record revenue; reverses from net loss a year ago to net profit of $8.6 mil for FY20
For the FY2020, revenue grew almost 10 times higher, or 855% y-o-y, to $91.7 million, the highest for the group so far.
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Homegrown premium seafood and fast-moving consumer goods value chain manager Oceanus Group has reported earnings of $2.1 million for the 4QFY2020 ended December, compared to the $3.2 million loss in the same period a year ago.

For the FY2020 the group posted earnings of $3.1 million, reversing from the $4.0 million loss in FY2019.

Correspondingly, the group achieved a turnaround in net profit for FY2020 to $8.6 million, from a $7.4 million loss in FY2019.

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