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Steamships Trading Co. Ltd. ( (AU:SST) ) has shared an update.
Steamships Trading Company Limited reported a 9.3% increase in sales revenue to K717.4 million for the year ending December 2024, despite challenging economic conditions marked by inflation and foreign currency access issues. The company achieved an 11.1% growth in the second half of the year by focusing on cost management and strategic asset positioning. However, net profit attributable to shareholders fell by 21.2% to K45.8 million due to significant items impacting the bottom line, including insurance claims and ERP system upgrades. The company has proposed a final dividend of 30 toea per share, contingent on foreign exchange availability.
More about Steamships Trading Co. Ltd.
Steamships Trading Company Limited operates in a diverse range of industries, including shipping, logistics, property, and hospitality. The company is focused on leveraging its strategic assets to benefit from resource projects and invests in human capital and technology to enhance its operations.
YTD Price Performance: 0.72%
Average Trading Volume: 40
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$431M
For detailed information about SST stock, go to TipRanks’ Stock Analysis page.