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 |
| S$178,000 |
|
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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.)
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