The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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. 

    sembcorp industriesFinancial resultsSpotlight

    TRENDING NOW

    (From left) Dushan county’s ambitious Shuisi Building project and an unfinished, full-scale replica of the Titanic in Daying county.

    Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind

    David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

    Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

    DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds.

    Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026

    “Findings suggest that roles are being reconfigured, rather than phased out, as demand for AI-related jobs rose,” the PwC report noted.

    Singapore public sector commands highest AI salary premium as job postings surge: PwC study

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More