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Sembcorp Industries Q1 profit down 25%

Bottom line hit by oil-and-gas exposure through marine arm and higher borrowing costs

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Sembcorp Industries' profits fell in the first quarter, weighed down by its oil-and-gas exposure through its marine arm, and also as higher borrowing costs partly from Sembcorp Marine (SembMarine) ate into the bottom line.

Singapore

SEMBCORP Industries' profits fell in the first quarter, weighed down by its oil-and-gas exposure through its marine arm, and also as higher borrowing costs partly from Sembcorp Marine (SembMarine) ate into the bottom line.

On Wednesday, it posted a 25 per cent fall in net