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Sembcorp Industries Q3 net profit drops 13% to S$71m on higher finance costs

Finance costs jump 25% on higher average bank borrowings for energy and marine businesses

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With over 2,600 megawatts of wind and solar capacity globally, the group is Singapore's largest home-grown international renewable energy player, says CEO Neil McGregor.

Singapore

MAINBOARD-LISTED conglomerate Sembcorp Industries posted a 13 per cent decline in net profit for the third quarter ended Sept 30, as higher finance costs mainly arising from its marine and energy businesses took a toll on the bottom line.

The energy, marine and urban...

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