Revenue for the six months increased by 10.6% y-o-y to US$25.3 million thanks to the revenue increase in its agency and logistics segment offset by a dip in ship owning revenue. In the 1HFY2024, agency and logistics revenue rose to US$9.8 million from US$6.9 million in the corresponding period the year before while ship owning revenue dipped to US$15.5 million from US$15.9 million the year before.
Singapore Shipping Corporation has reported earnings of US$7.7 million ($10.2 million) for the 1HFY2024 ended Sept 30, 71.9% higher y-o-y.
Earnings per share (EPS) for the period rose by 72.8% y-o-y to 1.92 US cents up from 1.11 US cents previously.
