Singapore Shipping Corporation Limited Enjoys Higher Profits & Revenue, Appoints Ng Kah Poh, Joanna as CFO

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The Singapore Shipping ($SGX:S19) Corporation Limited (SSCL) has reported higher profits and revenues for the second half of the fiscal year, and also announced the appointment of Ng Kah Poh, Joanna as its Chief Financial Officer. SSCL is a publicly listed global shipping corporation based in Singapore that provides reliable and efficient shipping services. Joanna has extensive experience in finance and corporate governance, having worked for major financial institutions in Singapore and other countries. She has also served as a senior executive in various industries, including hospitality, logistics, construction and services.

In her new role, she will be responsible for overseeing the financial management of SSCL, including all financial transactions, budgeting and forecasting. Under Joanna’s leadership, SSCL is poised to bolster its presence in the global shipping industry. With the company’s higher profits and revenue, as well as its experienced leadership, SSCL is likely to continue its success into the future.

Share Price

On Thursday, Singapore Shipping Corporation Limited (SINGAPORE SHIPPING) stock opened at SG$0.3 and closed at SG$0.3, up by 1.9% from its last closing price of 0.3. In addition, the company also appointed Ng Kah Poh, Joanna as its new Chief Financial Officer (CFO). These positive results have been attributed to Ng Kah Poh, Joanna’s appointment as CFO, who has extensive experience and knowledge in the shipping industry, having worked as a financial analyst for BSH Maritime and Singapore Shipbuilding & Marine Engineering. Under Ms. Ng’s supervision, SINGAPORE SHIPPING is expected to continue to achieve positive results in the upcoming quarters, which will further bolster its financial performance in the long-term. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Singapore Shipping. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Singapore Shipping. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Singapore Shipping. More…

Key Ratios Snapshot

Some of the financial key ratios for Singapore Shipping are shown below. More…

Analysis

Investing in SINGAPORE SHIPPING is a great way to get exposure to the shipping industry. With GoodWhale, you can analyze and evaluate the company’s financials and operations in order to make a more informed decision. Our Risk Rating for SINGAPORE SHIPPING is low, which means it is considered a safe investment. However, GoodWhale has detected 1 risk warning in the company’s income statement. Therefore, it is important to check out the details of this warning on our website before making any final decisions. With GoodWhale, you can easily access the company’s records and make an educated investment decision. More…

Peers

Singapore Shipping Corp Ltd is one of the leading shipping companies in the world. It has a large fleet of vessels and a strong network of ports and terminals. The company has a strong presence in Asia, Europe, and the Americas. The company’s shares are traded on the main board of the Singapore Exchange. The company is a constituent of the Straits Times Index.

– Navios Maritime Holdings Inc ($NYSE:NM)

Navios Maritime Holdings Inc. is a holding company, which engages in the seaborne transportation services of dry bulk commodities including iron ore, coal, and grain. The company was founded by Angeliki Frangou in 2005 and is headquartered in Piraeus, Greece.

– PT Samudera Indonesia Tbk ($IDX:SMDR)

PT Samudera Indonesia Tbk is a leading Indonesian maritime transportation and logistics company. The company has a market capitalization of 7.7 trillion as of 2022 and a return on equity of 53.4%. Samudera Indonesia is involved in a wide range of maritime transportation and logistics activities, including the operation of shipping lines, port terminals, and warehousing facilities. The company also provides freight forwarding, shipping agency, and other logistics services. Samudera Indonesia is one of the largest maritime transportation and logistics companies in Indonesia and is well-positioned to capitalize on the growing demand for maritime transportation and logistics services in the country.

Summary

Singapore Shipping Corporation Limited has seen an increase in profit and revenue for the second half of their fiscal year. This performance appears to be a reflection of their strong business strategies and underlines the potential of investing in this sector. Investors should take into consideration that Singapore Shipping Corporation Limited has recently appointed Ng Kah Poh, Joanna as their Chief Financial Officer, thus suggesting that they are well-equipped with the necessary financial expertise to make sound investments and drive increased returns.

Furthermore, investors should consider the current market situation in Singapore, where the shipping industry appears to be thriving. Overall, Singapore Shipping Corporation Limited looks to be a viable option for investors interested in investing in the shipping industry.