Home Capital Results

Mooreast doubles 1HFY2022 earnings, stays focused on renewable sector

The Edge Singapore
The Edge Singapore8/14/2022 09:34 PM GMT+08  • 2 min read
Mooreast doubles 1HFY2022 earnings, stays focused on renewable sector
Photo: Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Mooreast Holdings has reported that earnings for 1HFY2022 more than doubled from $392,000 to $872,000. Revenue in the same period that ended June was up 81% y-o-y to $13 million.

The company, which is in the niche business of providing mooring systems for the offshore and energy industries, says that its newly-established yard division helped drive the revenue growth.

The marine supplies and services and renewable energy divisions, on the other hand, booked lower revenue.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.