In its latest FY2024 ended Dec 31, 2024, the group saw losses widen to $2.2 million from a loss of $1.9 million a year ago. This comes on the back of revenue also declining 13% y-o-y to $25.1 million.
Mooreast Holdings is no stranger to volatility. From the cyclical swings of the oil and gas sector to the growing pains of renewable energy, the company, which specialises in providing anchoring gear for floating structures, has spent the better part of three decades learning to survive and adapt.
It was incorporated back in 1993 and listed on the Singapore Exchange (SGX:S68
) in November 2021. However, few periods in its history have tested it quite like the past 18 months.
