Rex International cuts losses to $67.7m in FY 2024

Higher revenue contributed to loss reduction.

Rex International Holding Limited has narrowed down its loss after tax of $67.7m (US$50.2m) in the financial year 2024.

The company attributed the narrowing to non-cash items, including goodwill impairment for the Yme Field transaction and depletion and impairment loss on oil and gas properties.

A 34% year-on-year rise in revenue to $402.3m (US$298.1m), driven by the sale of crude oil from Yumna, Brage, and Yme Fields, contributed to loss reduction.

Adjusted earnings before interest, taxes, depreciation, and amortisation also increased, rising 47% YoY to $216.7m (US$160.6m).

($1=US$0.74)

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia