CH Offshore records losses for third straight year

Loss after income tax narrowed 51.2% to $19.48m in 2019.

Marine support firm CH Offshore has entered its third year of consecutive losses, according to a bourse filing.

Loss after income tax hit $19.48m (US$14.06m) in FY2019, marking a 51.2% change from the previous year’s $39.88m (US$28.78m), mainly due to losses from associate companies and provision for brokers’ commission after three brokers brought an arbitration against the firm.

The firm will make an immediate announcement if the SGX puts them on the watchlist.

On the other hand, revenue ballooned 116% to $29.03m (US$20.95m) in 2019 from $13.44m (US$9.7m) in 2018 due to growth in vessel utilisation rate, better charter rates and revenue contribution from two vessels that were taken over from an associate firm in 2018.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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