Singapore's CH Offshore half-year revenue falls 16%

CH Offshore

29/07/2026 11:12

Overview
Singapore offshore vessel operator's half-year revenue fell 16% yr/yr to $9.1 mln
Company posted net loss of $1.6 mln versus profit a year earlier
Lower gross profit and higher admin expenses weighed on results

Outlook
Company did not provide specific guidance or outlook for the current or future periods

Result Drivers
LOWER GROSS PROFIT - Gross profit fell sharply due to higher cost of sales
HIGHER ADMIN EXPENSES - Administrative expenses increased nearly 24% yr/yr

Company press release: ID:nSN5KDsG2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$9.10 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)