Sembmarine's Q4 profit up 9.2%, boosted by rig-building

SEMBCORP Marine's rig- building projects and other operating income pushed its fourth-quarter net profit 9.2 per cent higher to $182.4 million.

Excluding non-operating items, the group's net profit for the quarter was 45 per cent higher, against the $126 million posted a year ago.

Its top line was 22.8 per cent higher at $1.69 billion, boosted by higher revenue recognition coming out of its rig-building segment.

For the full year ended Dec 31, 2013, net profit was up 3.2 per cent at…