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Oceanus reduces FY2023 losses as turnover hits new high

The Edge Singapore
The Edge Singapore • 1 min read
Oceanus reduces FY2023 losses as turnover hits new high
Oceanus CEO Peter Koh / Photo: Samuel Isaac Chua
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Oceanus Group has reduced its losses in FY2023 over the preceding year, as its turnover further increased.

For the year ended December 2023, the company, whose main business is in foodstuffs distribution, reported a loss of $3.37 million, reduced from $11.7 million recorded for FY2022.

Revenue, driven by a higher level of trading volume, increased by 45% y-o-y to a record $340.4 million.

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