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SES — Shanaya News Story

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Singapore's Shanaya Limited swings to H1 profit as revenue rises

Singapore's Shanaya Limited swings to H1 profit as revenue rises 


Overview

  • Singapore recycling firm's unaudited half-year net profit totaled SGD 178,000

  • Company's revenue for the period rose 44% yr/yr to SGD 5.75 mln


Outlook

  • Group remains cautiously positive about the overall outlook


Result Drivers

  • OPERATING EXPENSES - Higher employee benefits and depreciation costs contributed to the net loss

  • FINANCE COSTS - Continued finance costs weighed on profitability


Company press release: ID:nSN86MFwd


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Net Loss, total
comprehensive income attributable to
owners of the Company

S$178,000


Reuters Recommended Reads

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  • Aug 11 - 374Water Q2 revenue more than triples year over year


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.)

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