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Steamships Trading Co. Ltd. ( (AU:SST) ) has issued an announcement.
Steamships Trading Co. Ltd. has announced adjustments to its financial statements for the year ended December 31, 2024, as reflected in its 2024 Annual Report. The adjustments include increases in cash and cash equivalents, trade and other receivables, and property, plant, and equipment, alongside a decrease in current borrowings. These changes have resulted in a significant increase in the net cash balance, although the statements of comprehensive income and changes in equity remain unchanged. This announcement clarifies the material differences between the preliminary financial statements and the final annual report, providing transparency to stakeholders about the company’s financial position.
More about Steamships Trading Co. Ltd.
Steamships Trading Co. Ltd. operates in Papua New Guinea and is listed on the Australian Securities Exchange (ASX: SST). The company is involved in various industries, including logistics, property, and commercial services, focusing on serving the needs of the local market.
YTD Price Performance: 0.43%
Average Trading Volume: 31
Technical Sentiment Signal: Sell
Current Market Cap: A$429.8M
See more data about SST stock on TipRanks’ Stock Analysis page.