News

Markets & Investing

Staff Reporter

, Singapore

Published:

6 months ago

Photo from Pexels by Jan van der Wolf

Yongmao Holdings expects low net profit for H1 2025

This is due to higher freight charges from higher rates.

Yongmao Holdings Limited forecasted lower net profits for the first half of 2025 (H1 2025) based on its preliminary assessment of the company’s unaudited financial statements.

The company said this is due to higher freight charges from higher rates. Furthermore, Yongmao incurred higher exchange losses and increased financial costs due to higher average borrowings in H1 2025.

However, the company is expected to record a fair value gain on its financial assets which will lead to a higher total comprehensive gain attributable to shareholders.

Yongmao is still finalising its financial statements for H1 2025 and will disclose its financial performance upon completion.

Also Read

Ossia International receives privatisation offer

SG leads in Southeast Asia's private equity funding in Q1

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Mandarin Oriental reports higher underlying profit in Q1

RevPAR also rose in all regions.

Hotels & Tourism

2 days ago

Gov’t to launch over 50,000 new flats by 2027

This will also include the opening of new residential areas across the island.

Residential Property

2 days ago

Residential property prices up 0.8% QoQ

Transaction volume drops 1.3% QoQ.

Residential Property

2 days ago

Japfa to be delisted by 10 June

Shareholders can expect to receive payment for the scheme consideration on 6 June.

Agribusiness

2 days ago

Exclusives

US levies on Chinese vessels may cause shipping delays

Redeploying vessels to US trade routes based on shipbuilding origin would be inefficient.

Shipping & Marine

4 days ago

Johor-Singapore ecozone needs stable marketplace for energy credits

This is expected to drive investment in cross-border electricity trade.

Energy & Offshore

6 days ago

Thryve Earth eyes more carbon projects for ‘planetary scale’ impact

The startup’s first three projects could yield up to 15 million carbon credits over time.

Markets & Investing

Global trade war may spur prime property deals

It presents an opportunity to get these assets at a discount.

Commercial Property

Event News

SBR National Business Awards 2025 Winner: Brian Chow of FairPrice Group Supply Chain

Brian Chow, Head of Upstream Logistics at FairPrice Group Supply Chain, highlights how the company integrates autonomous vehicles to enhance logistics and sustainability.