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Sembcorp executives guide for higher dividends, earnings as H2 profit rises 15% to S$412 million

Mia Pei
Uma Devi

Mia Pei &

Uma Devi

Published Tue, Feb 20, 2024 · 08:40 AM
    • Sembcorp Industries proposes a final dividend of S$0.08 per share, bringing the total dividend for FY2023 to S$0.13 per share.
    • Sembcorp Industries proposes a final dividend of S$0.08 per share, bringing the total dividend for FY2023 to S$0.13 per share. PHOTO: BT FILE

    SEMBCORP Industries posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half of its financial year ended Dec 31, 2023.

    This was mainly due to higher contributions from the gas and related services, as well as the renewables segments, the energy group said on Tuesday (Feb 20).

    Earnings per share stood at 23.12 Singapore cents for the period under review, up from 20.09 cents in the corresponding year-ago period. 

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