Seatrium falls 5.4% after fines, despite strong H1 results
The company announced on Wednesday (30 Jul) it was to pay S$240 million in financial penalties
[SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite strong H1 2025 results.
The company announced on Wednesday (30 Jul) that it would pay S$240 million in fines to authorities in Brazil and Singapore to settle corruption offences.
The counter dropped to S$2.270 as at 10.19 am with 23.9 million shares changing hands. It was down S$0.130 or 5.4 per cent from Wednesday’s closing price of S$2.400.
It was the most traded stock by volume on the SGX as at 10.19 am.
Seatrium’s net profit for the six months ended Jun 30 grew 301.3 per cent to S$144.4 million, while revenue for H1 was up 33.7 per cent at S$5.4 billion.
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