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T12 — Tat Seng Packaging News Story

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Singapore's Tat Seng Packaging half-year revenue rises 6%

Singapore's Tat Seng Packaging half-year revenue rises 6%


Overview

  • Singapore packaging maker's half-year revenue rose 6% yr/yr to SGD 117.6 mln

  • Earnings per share declined to 3.66 cents from 4.51 cents


Outlook

  • Operating environments in Singapore and China will continue to remain challenging due to ongoing geopolitical tensions, macroeconomic uncertainties, volatile raw material prices, and intense industry competition, company says

  • Group will maintain focus on enhancing operational efficiency, improving profitability, strengthening customer relationships and exercising prudent cost management to maintain its competitiveness


Result Drivers

  • HIGHER SALES - Revenue rose 6% yr/yr, contributing to overall profit growth

  • IMPROVED GROSS PROFIT - Gross profit increased, supporting higher profitability


Company press release: ID:nSN1FR8dt


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

S$117.6 mln


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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.)

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