Seatrium's share price fell by close to 10% after the company reported its earnings for the first half of 2024. Seatrium shares fall sharply Seatrium's share price fell sharply on 2 August after the company reported its earnings for the first half of 2024 (1H24). The stock fell by more than 10% from its closing price of S$1.68 on 1 August, to reach an intra-day low of S$1.50. This would reverse the stock's bounce from earlier this week, after the company issued a positive guidance for a positive net profit in the first half of 2024.  Let us find out what may be some of the reasons for the share price decline. Summary of Seatrium's 1H24 earnings

• Seatrium reported net profit of S$36 million in 1H24, reversing from a loss of S$264 million in 1H23.
• Excluding a one-off provision of S$79 million for settlement to MH Wirth, Seatrium's underlying profit would be S$115 million in 1H24.

Source: Seatrium...