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Sembcorp Q3 earnings surge 40% to $254.4m

Substantial gains relating to Salalah IPO underpin results

Sembcorp's utilities business saw the largest growth in net profit for the quarter of 73 per cent, to $172.4 million from $99.8 million last year - PHOTO: SEMBCORP INDUSTRIES

BACKED by substantial gains relating to the initial public offering of its Salalah company in Oman, Sembcorp Industries posted a 40.4 per cent surge in third-quarter net profit to $254.4 million, from $181.2 million a year ago. Turnover for the three months ended Sept 30 was up 31 per cent at $2