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Sembcorp Q1 profit falls 34% in absence of one-time gain

Bottomline hit by sharp drop in non-operating income due to marine division's sale of Cosco stake in Jan 2017

Singapore

SEMBCORP Industries' earnings slumped 34 per cent in the first quarter, despite a rise in revenue, in the absence of a one-off gain from the disposal of Cosco Shipyard Group in the year-ago period.

The utilities, marine and urban...

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