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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(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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