Seatrium, on April 9, gave notice that it has made three straight years of losses since the FY2023.
For the 12-month period ended Dec 31, 2023, the group reported a loss of $2.02 billion, according to its audited books.
According to Singapore Exchange ’s (SGX) listing rules, issuers will be placed under the exchange’s watchlist if they meet the criteria of recording pre-tax losses for three consecutive financial years. The issuer will also have to have an average daily market capitalisation of less than $40 million over the past six months.
As at April 8, Seatrium’s latest six-month average daily market capitalisation stood at $7.04 billion.
As at 1.02pm, shares in Seatrium are trading flat at 8.5 cents.
