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Sembcorp Marine in the red again with Q3 net loss of S$29.8m

Low overall business volume affected group's absorption of overhead costs, company says

Annabeth Leow

Published Thu, Oct 25, 2018 · 09:50 PM

Singapore

SEMBCORP Marine sank into the red for the second straight quarter, hampered by the loss-making sale of a semi-submersible rig and low business volumes overall.

The group chalked up a third-quarter net loss of S$29.8 million for the three months to Sept 30, against profits of S$100.7 million the year before, according to unaudited results released on Thursday.

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