Seatrium Limited Boasts Robust Q1 Performance

Seatrium Limited (SG:5E2) has released an update.

Seatrium Limited announced a strong start to 2024 with the successful delivery of the Brassavola LNG Bunker Vessel and the completion of 67 repair and upgrade projects. The company’s net order book has reached S$25.8 billion thanks to significant new contracts, including projects for Petrobras and Shell, and has established a S$100 million share buyback program. Additionally, Seatrium has secured a substantial Green Revolving Loan Facility, contributing to its strategic growth in offshore renewables.

For further insights into SG:5E2 stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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