Sembcorp's Q4 beats forecast
Profit up 9.3% at $223m, thanks to utilities, marine engineering sectors
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE conglomerate Sembcorp Industries (SCI) posted a better-than-expected 9.3 per cent year-on-year increase in fourth-quarter net profit to $223.8 million, on robust growth at both its utilities and marine engineering divisions.
For the full year ended Dec 31, 2013 (FY13), group net profit was up 8.9 per cent at $820.4 million, well ahead of market consensus estimates, with utilities and marine accounting for 51 per cent and 39 per cent of net profit respectively.
SCI, which owns and operates the largest co-generation power plant and most comprehensive integrated utilities facilities at Singapore's Jurong Island, also holds a 60 per cent stake in listed marine engineering group Sembcorp Marine.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
