Seatrium reports net order book of $25.8 bil in 1QFY2024 business update
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2024
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Source: Yahoo Finance
- Seatrium's Financial Performance:
- Shares in Seatrium closed 11.69% higher at $1.72 on May 27.
- Reported a net order book of $25.8 billion with 31 projects till 2030.
- Achieved year-to-date order wins of over $11.4 billion, including contracts to build FPSO vessels for Petrobras.
- Secured a $400 million green revolving loan facility and redeemed $500 million floating rate bonds.
- Implemented a share consolidation, consolidating 20 shares into one effective on May 9.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
