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Sembcorp Q3 profit falls 56% as all divisions but utilities turn red

Net profit hits S$53.9 million; revenue drops 11% to S$2.1 billion, with only utilities division showing growth
Friday, October 28, 2016 - 05:50

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Sembcorp Industries' net profit nosedived 56 per cent in the third quarter, as all its business divisions except utilities fell into the red.

Singapore

SEMBCORP Industries' net profit nosedived 56 per cent in the third quarter, as all its business divisions except utilities fell into the red.

For the quarter ended Sept 30, the group recorded a net profit of S$53.9 million, down from S$122.3 million a year ago.

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