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Steamships Trading Company Limited (ASX:SST)

ALERT: Price-sensitive ASX Announcement for SST
Current share price for SST : $11.000 -2.89 (-20.81%)+
Announcement
Release
29 Aug 2025 2:04PM
Price at Release
$13.890
Full Release
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Summary
Steamships Trading Company Limited reported its half-yearly financial results for the period ending June 30, 2025. The company achieved a total revenue from operations of K361.6 million, an increase from the previous year's K338.9 million. Operating expenses included significant costs such as staff wages amounting to K98.3 million, and depreciation and amortisation totaling K60 million. The profit from operations before income tax was K38 million, with a net profit after tax of K26.3 million, up from K25.4 million in the prior year. Dividend payments during the period amounted to K9.3 million, resulting in a retained earnings balance of K1,099.1 million. The company's net cash from operating activities was K69.3 million, with capital commitments of K46.8 million for upcoming property developments. The report also highlighted various operational segments with Property and Hospitality, Logistics, and Investments contributing to the financial results, with property developments being the major area of capital expenditure within the group.
Key Points
  • Revenue from operations increased to K361.6 million.
  • Operating expenses included significant staff and depreciation costs.
  • Net profit after tax was K26.3 million.
  • Dividends paid totaled K9.3 million.
  • Retained earnings balance reached K1,099.1 million.
  • Net cash from operating activities was K69.3 million.
  • Capital commitments for property developments were K46.8 million.
  • Major operational segments included Property and Hospitality, Logistics, and Investments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.