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Cosmosteel Holdings Limited ( (SG:B9S) ) has issued an announcement.
CosmoSteel Holdings Limited has been on the Singapore Exchange’s watch-list since 2018 due to consecutive years of financial losses. However, the company recently reported a return to profitability in the first quarter of its 2025 financial year, achieving a profit before tax of S$2,491,000. Additionally, an extraordinary general meeting approved the sale of a warehouse for S$9,000,000, a move indicative of strategic efforts to meet exit criteria from the watch-list, signaling a potential positive shift for stakeholders.
More about Cosmosteel Holdings Limited
CosmoSteel Holdings Limited, incorporated in Singapore, operates in the industrial sector with a focus on supplying piping system components such as pipes, fittings, and flanges. The company primarily serves the oil and gas, marine, and other industrial sectors.
YTD Price Performance: 25.49%
Average Trading Volume: 199,364
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$35.59M
Find detailed analytics on B9S stock on TipRanks’ Stock Analysis page.
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