Excluding exceptional items, underlying net loss for the year stood at $28 million.
Seatrium has reported a net loss of $1.68 billion for its 2HFY2023 ended December, compared to the net loss of $120,529 for the same period in the preceding year.
Net loss for the full year stood at $1.9 billion, compared to the $261 million recorded in FY2022. This was largely due to non-cash write downs, provisions for contracts, legal and corporate claims, as well as merger expenses which amounted to $2 billion for FY2023.
