Sembcorp Industries Q4 net profit down 85% on lower marine, utility contributions
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Singapore
SEMBCORP Industries saw its fourth quarter net profit plunge 84.6 per cent to S$22.78 million on a lower contribution from its utilities business and a net loss from its marine division.
Earnings per share for the quarter ended Dec 31, 2017, was 0.62 Singapore cent compared to 7.71 Singapore cents a year ago. Turnover went up 4.8 per cent to S$2.12 billion, but was more than offset by a 40.9 per cent decline in gross profit to S$147.86 million.
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