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Sembcorp Marine posts Q4 loss of S$77.7 million

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Anita Gabriel

Anita Gabriel

Published Thu, Feb 20, 2020 · 09:50 PM

    Singapore

    SEMBCORP Marine reported another dismal quarter on Thursday but management remained hopeful of brighter prospects ahead even as it foresees continuing losses into 2020.

    It posted a net loss of S$77.7 million for the three months to Dec 31, 2019 due to a persistent downturn in the offshore and marine space, reversing from a profit of S$5.9 million in the previous corresponding quarter.

    sembcorp marineCovid-19

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