SUBSCRIBERS

Sembcorp Industries Q2 profit bolstered by utilities earnings

Net profit soars 46.8% to S$81.92 million, on a doubling of earnings for its utilities division

Published Fri, Aug 3, 2018 · 09:50 PM

Singapore

SEMBCORP Industries saw its net profit for the quarter to June 30 surge 46.8 per cent to S$81.92 million on a doubling of earnings for its utilities division the first months after embarking on a new growth strategy.

Second-quarter earnings per share for the group that is also in marine and urban development businesses was 3.94 Singapore cents, up from 2.57 Singapore cents for the same period in FY17.

Revenue jump…