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Sembmarine's Q3 profit rises 1.8% to S$132m

Despite low oil price environment, group believes long-term fundamentals driving E&P market remain stable


RIG-BUILDER Sembcorp Marine reported a 1.8 per cent increase in net profit to S$132 million for the third quarter ended Sept 30 on the back of higher profit contribution from rig-building and fixed-platform segments.

Turnover rose 3.2 per cent to S$1.71 billion due to