Skip to content
Grazia British
Seatrium shares tumble 5.4% after fines, despite strong H1 results

Seatrium shares tumble 5.4% after fines, despite strong H1 results

By Swedan Margen

Fashion

The company will pay S$240 million in financial penalties to settle corruption offences

Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite posting strong results for the first half of 2025.

On Wednesday, the engineering solutions provider announced that it would pay S$240 million in fines to Brazilian and Singaporean authorities to settle corruption offences.

The counter dropped to S$2.27 at 10.19 am – a fall of 5.4 per cent or S$0.13 from its Wednesday closing price of S$2.40. By 12.30 pm, it had crept up to S$2.30, but this was still 4.2 per cent down.

By market close, it was down 5.4 per cent again at S$2.27. It was the most-traded stock by volume on the Singapore Exchange on Thursday, with 41.8 million shares having changed hands.

For the six months ended Jun 30, Seatrium’s net profit surged 301.3 per cent to S$144.4 million, while revenue was up 33.7 per cent at S$5.4 billion.

Copyright SPH Media. All rights reserved.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

More Fashion

Seatrium shares tumble 5.4% after fines, despite strong H1 results | Grazia British