Sembcorp Industries' Q2 profit down 36%
Singapore
HIGHER refinancing cost for a power plant in India took a toll on results for Sembcorp Industries for its second quarter.
Net profit dived 36.1 per cent to S$55.3 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.
For the three months ended June 30, revenue climbed 23.2 per cent to S$2.28 billion from the previous year. The increase in revenue was due partly to a boost in contribution from the utilities division though this was offset by poorer performance i…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife files police report against former employees for ‘potential wrongdoings’
Michelin challenges EU’s hunt for evidence of tyre cartel
First Resources denies allegations of links to firms clearing forests in Indonesia
US: Wall St opens higher on megacaps boost; earnings, Fed comments
Abbott beats quarterly profit estimates on strong medical device sales
Tesla asks investors to approve Musk’s US$56 billion pay again