Sembcorp H1 profit up 2% to S$540 million on absence of loss from discontinued operation

ENERGY and urban solutions provider Sembcorp Industries posted a 2 per cent increase in net profit to S$540 million for the first half ended June, from S$530 million in the previous corresponding period.

This translated to earnings per share (EPS) of S$0.303, up from S$0.2971 the year before.

The increase was mainly due to the absence of a S$78 million loss recorded in H1 FY2023, attributed to a discontinued operation.