Mooreast records net profit of $3.5m in H1 2025, reversing $1.3m net loss a year ago
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Mooreast Holdings Ltd. reported a net profit of $3.5 million in H1 2025, recovering from a $1.3 million loss in the same period last year. Revenue surged 84% year-on-year to $25.2 million, driven by strong performance in its Mooring division, which secured $12.5 million in high-value orders. However, this growth was tempered by declines in other divisions due to market slowdowns. Gross profit more than doubled to $10.9 million, and earnings per share improved to 1.37 cents from a loss of 0.50 cents a year earlier.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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