Sembcorp Industries posts Q4 loss of S$15m on impairments
Excluding exceptional items, it would have posted a 24% rise in net profit to S$126 million
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
A PROTRACTED downturn in the marine sector and impairments of its UK energy asset pushed Sembcorp industries into the red. It posted a net loss of S$15 million for the fourth quarter, reversing from a profit of S$106 million a year earlier.
Excluding exceptional items, the conglomerate would have posted a net profit of S$126 million for the quarter, a 24 per cent increase from S$102 million a year ago.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
