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Southern Archipelago Ltd ( (SG:A33) ) has shared an announcement.
Southern Archipelago Ltd. reported a decline in revenue and segment profit for its subsidiary PTRI due to increased competition and operational challenges. Despite a 7.3% revenue decline, segment profit dropped by 19.4% due to non-recurring costs and operational expenses, including cobalt waste disposal, salary increments, and bank charges. The company is investing $4.8 million in expanding PTRI’s capacity and operational efficiency, with $4.17 million already spent, aiming for a 10% internal rate of return.
More about Southern Archipelago Ltd
Southern Archipelago Ltd. is a company incorporated in Singapore, primarily engaged in the sterilization industry through its subsidiary, PT Rel-ion Sterilization Services (PTRI) in Indonesia.
Current Market Cap: S$27.57M
Find detailed analytics on A33 stock on TipRanks’ Stock Analysis page.
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