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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

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Group president and CEO Neil McGregor sees utilities and urban development as two performing engines that will carry the marine business through the rest of a downcycle.

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...

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