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Sembcorp Industries posts 20% higher net profit on lower cost

29 per cent drop in revenue offset by bigger decline in cost of sales


SEMBCORP Industries (SCI) posted a 20 per cent increase in net profit for the second quarter, despite a 29 per cent decline in revenue as the fall was outstripped by a greater reduction in cost of sales.

The conglomerate reported a net profit of S$98 million for the three...

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