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Sembcorp Industries flags losses for energy division and S$245m impairments for Q4

It cites S$158m write-down in UK, impairment of S$64m in Chile and S$23m fall in value of China water assets

Tay Peck Gek

Published Thu, Feb 6, 2020 · 09:50 PM

Singapore

CONGLOMERATE Sembcorp Industries (SCI) has issued a profit guidance for its financial results for the fourth quarter ended last December and the fiscal year, flagging impairments of S$245 million.

SCI, in a statement to Singapore Exchange (SGX) after trading hours, said its energy business - a key pillar of its three divisions - is "expected to make a net loss" in that quarter but it did not say if the group would be in the red or not for the period.