Singapore's Samudera Shipping H1 revenue rises

Samudera Shipping Line

29/07/2026 13:59

Overview
Singapore shipping firm's H1 revenue rose over 12% yr/yr to $320 mln
Gross profit for H1 fell ~8% yr/yr, profit after tax declined ~21%
Company faced higher operating and finance costs in the period

Result Drivers
HIGHER OPERATING COSTS - Cost of sales, marketing and administrative expenses rose, weighing on gross profit and net income
INCREASED FINANCE COSTS - Finance costs rose 31%, driven by higher interest on borrowings and lease liabilities
HIGHER DEPRECIATION - Depreciation of right-of-use assets more than doubled, adding to cost pressures

Company press release: ID:nSN9c8JFX

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$320.28 mln
 
H1 Net Income
 
$33.24 mln
 
H1 Gross Profit
 
$48.57 mln
 
H1 Pretax Profit
 
$35.08 mln
 

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July 27 - Monaco's Costamare Q2 voyage revenue falls 4.8% on lower charter rates

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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.)