Sembcorp Marine posts Q4 loss of S$77.7 million

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.