First Sponsor’s 1H profit soars 79% despite lower revenue
I'm PortAI, I can summarize articles.
First Sponsor Group Limited reported a net profit of $26.7 million for the first half of 2025, a 79% increase from $14.9 million last year, despite a revenue drop to $153.9 million from $172.9 million. The profit surge was driven by strong returns from associate and joint venture investments, particularly from NSI N.V. Gross profit fell to $60.7 million, with margins narrowing to 39.4%. The Group's total borrowings were $1.34 billion, with cash reserves of $153 million, and declared an interim dividend of 1.1 Singapore cents per share.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments