Seatrium has posted its first profit since its creation following the merger of Sembcorp Marine and Keppel Offshore & Marine last year.

The Singapore company reported interim net income of SGD 115m ($86m) against a loss of SGD 264m in the corresponding period in 2023.

Seatrium recorded a revenue of SGD 4bn for the first half of this year, a 39% increase from the SGD 2.9bn