Sembcorp doubles dividend on higher earnings, shuffles business leadership
It proposes final dividend of S$0.17 per share, compared with S$0.08 in the previous period
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SEMBCORP Industries on Thursday (Feb 27) reported a 14 per cent rise in total net profit to S$471 million for the second half ended Dec 31, 2024, from S$412 million in the year-ago period.
This accounts for exceptional items including disposal of assets and a gain on a “bargain purchase” on an acquisition in India, among others. There was also a S$9 million net loss from discontinued operations related to the disposal of Chongqing Songzao Sembcorp Electric Power.
Excluding discontinued operation, net profit for the half-year period would have been S$480 million, a 17 per cent increase from S$412 million in the previous corresponding period. That pointed to earnings per share of S$0.2691, up from S$0.2312 in H2 FY2023.
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