Summary by Moomoo AI
SINGAMAS CONT's operating revenue for 2024 increased by 52% to 0.583 billion USD, with shareholder profits growing by 76% to 34.14 million USD. The total sales volume of dry containers reached 0.22 million TEUs, a significant increase of 107% compared to the same period last year, although the average selling price slightly dropped to 1,985 USD. The Board of Directors recommends a final dividend of 5 Hong Kong cents per share, alongside an interim dividend of 3 Hong Kong cents, resulting in a total dividend payout ratio of 72%.Throughout the year, the demand for dry containers significantly increased, mainly benefiting from the Red Sea crisis, the USA's inventory replenishment activities, and the delivery of new container Ships. The group’s dry container production lines operated at full capacity...Show More
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