Seatrium shares fall sharply after latest results. What disappointed investors?

Seatrium share price falls nearly 10% after the company announced its first half of 2024 earnings. Seatrium shares fall sharply Seatrium share price fell sharply on August 2 after the company announced its first half of 2024 (1H24) earnings. The shares fell more than 10% from a closing price of S$1.68 on August 1, hitting an intraday low of S$1.50. This would reverse the stock’s rebound from earlier this week, after the company issued a positive outlook for a positive net profit in the first half of 2024. Let’s find out what could be some of the reasons for the share price fall. Seatrium 1H24 earnings summary

• Seatrium reported a net profit of S$36 million in H1 2024, an improvement from a loss of S$264 million incurred in H1 2023.
• Without a one-time commission of S$79 million in the MH Wirth settlement, Seatrium’s underlying profit for the first half of 2024 would have been S$115 million.

Source: Seatrium…