Refile: Singapore's Oceanus Group posts H1 net loss on higher facility utilization

Oceanus

14/08/2026 11:55

Removes extraneous word from headline

Overview
Singapore seafood supplier's half-year revenue rose 1% yr/yr
EBITDA for the period declined 29% yr/yr
Company posted net loss for the period versus profit last year

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

Result Drivers
LOWER OTHER OPERATING INCOME - Other operating income saw a decline mainly due to absence of extraordinary supplier rebates received in beverage distribution segment and a gain of S$1.5 mln on disposal of farm assets
HIGHER FINANCE COSTS - Increased finance costs primarily attributable to higher utilization rate of trade revolving facilities contributed to the net loss
GROSS PROFIT IMPROVEMENT - Gross profit rose 26% as revenue growth outpaced cost increases

Company press release: ID:nSN5lyLVs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$121 mln
 

Analyst Coverage
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 0 three months ago

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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.)