ES Group to post net profit for 2024

The group’s ES Jewel vessel was in full operation during the year.

ES Group Holdings Limited reported that it expects a net profit for the financial year 2024 (FY 2024), recovering from a net loss in FY 2023, based on the group’s preliminary data.

In its review of unaudited financial results, the company said the profit growth is attributed to a one-off other income from insurance claims for the breakdown of the group’s ES Jewel vessel.

During the period, ES Jewel was in full operation, and with the absence of the repair and maintenance expenses, the group’s shipping segment generated higher revenue and recorded a gross profit.

Additionally, the group’s new building and repair segment had an improved gross profit and its shipping segment recorded a gross profit over a gross loss for FY2023.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia