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Sheffield Green posts 67.1% drop in 1HFY2024 earnings of US$486,793 on lower revenue, listing expenses

Douglas Toh
Douglas Toh • 4 min read
Sheffield Green posts 67.1% drop in 1HFY2024 earnings of US$486,793 on lower revenue, listing expenses
Aside from administrative expenses, Sheffield Green has maintained a steady profit for the period. Photo: Albert Chua/ The Edge Singapore
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Renewable energy human resource provider, Sheffield Green, has announced earnings of US$486,793 ($655,946) for the 1HFY2024 ended Dec 31, 2023, marking a 67.1% drop y-o-y from the 1HFY2023’s US$1.49 million.

1HFY2024 earnings per share (EPS) stood at 0.29 cents on a basic and diluted basis, which is down from the previous earnings per share of 91 cents.

During the period, the offshore wind industry grappled with macro and sector-specific challenges, such as supply chain disruptions, inflationary cost pressures, and rising interest rates, which have exerted considerable pressure and led to project cancellations and delays. 

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