PROFIT warnings are never good news for investors. Yet, there is a positive aspect to Seatrium’s announcement last week that it will report a significantly higher loss for 2023 than the previous year.

In the first place, the loss that Seatrium reported for 2022 was not all that high at S$261.1 million. Seatrium reported a much higher loss of S$1.17 billion for 2021.

It was also not unexpected that Seatrium would suffer a larger loss in 2023. The company reported a net loss for H1 2023 of S$264.4 million, which was already slightly higher than the full-year 2022 loss.