3 stories mentioning SGX:DU4Updated 38d ago
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Mermaid Maritime (SGX:DU4) narrowed its second-quarter loss attributable to owners of parent to $4.2 million from $7.8 million a year prior.Basic loss per share was $0.0022, compared with $0.0055 previously, according to a Wednesday Singapore bourse filing.The subsea engineering and offshore marine services provider's total revenue slid 44% to $63.1 million from $112.8 million in the year-ago period.
Singapore shares clawed back to surge on Thursday, gaining more than 1% at the close, despite mixed performances across regional markets over uncertainty surrounding the US-Iran peace dialogue.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,585.28 and 5,645.72 throughout the day. It ended the session at 5,638.99, up 57.62 points or 1% compared to Wednesday's close.On the corporate front, shares of Koh Brothers Eco Engineering (SGX:5HV) were up nearly 1% at the close even as it swung to a loss of SG$5.7 million in the first half of 2026 from SG$3.0 million a year ago.CapitaLand Ascott Trust (SGX:HMN) closed nearly 1% higher as it agreed to acquire Coliwoo Midtown in Singapore for SG$134 million, expanding its living-sector portfolio.Meanwhile, Mermaid Maritime (SGX:DU4) established a new subsidiary in Delaware, expanding its presence into the US offshore energy market.
Mermaid Maritime (SGX:DU4) unit Mermaid Subsea Services (Thailand) and Serikandi Oilfield Services established a joint venture company in Brunei named Serikandi Mermaid SDN, according to a Monday filing with the Singapore Exchange.The new business will focus on offshore transportation and installation; inspection, repair, and Maintenance; decommissioning; and pipeline projects in Brunei.
