Financial PerformanceSeatrium delivered a 248% hoh improvement in its 1H24 core earnings, thanks to its aggressive cost savings in SG&A, in addition to improving core gross margins.
Growth OpportunitiesThe signing of a Letter of Intent (LOI) for a US$400 million project with Penta-Ocean indicates potential growth opportunities in the offshore wind market.
Strong OrderbookSeatrium's net orderbook stood at S$24.4 billion, with deliveries scheduled through 2031, showing a strong pipeline of future business.