Singapore's Kim Heng HY loss widens on vessel delivery delays

Kim Heng

14/08/2026 11:16

Overview
Singapore marine services provider's half-year revenue declined sharply year-over-year
Company reported a net loss for the period
Gross margin fell to 19% from 23% a year earlier

Outlook
Company did not provide specific financial guidance or outlook

Result Drivers
LOWER SALES - Revenue fell 35% mainly due to some vessels being expected to be completed and delivered in H2
GROSS MARGIN DECLINE - Gross margin dropped to 19% from 23% a year earlier
REDUCED OTHER INCOME - Other income fell sharply due to forex translation loss and lower miscellaneous income

Company press release: ID:nSN9y0NzF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$43.80 mln
 
H1 Net Loss
 
S$4.81 mln
 
H1 Gross Margin
 
19.00%
 
H1 Gross Profit
 
S$8.20 mln
 
H1 Pretax Loss
 
S$4.79 mln
 

Reuters Recommended Reads
Aug 13 - Singapore's Vallianz H1 revenue falls 70% on lower shipyard activity
Aug 14 - Singapore's Mencast Holdings half-year revenue falls on lower new-build propeller deliveries
Aug 13 - Singapore's BH Global half-year revenue rises, returns to profit

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)