SembMarine's Q2 net profit plunges 90%
Revenue declines 25% to S$908.5 million, even as finance costs and other non-operating expenses rise
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Singapore
SEMBCORP Marine's (SembMarine) earnings plunged 90 per cent for the second quarter, as revenue dropped by a quarter, and finance costs and other non-operating expenses grew.
Net profit for the group fell to S$11.5 million for the three months ended June 30, down from S$109.2 million in the same period last year.
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