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Sembcorp Q2 profit up 8.3% at S$179m

Utilities slow but marine unit, Nanjing urban project put up a good show

Strong flow: For the first half of the year, Sembcorp's net profit grew 6.3 per cent to S$363.9 million from S$342.2 million last year while turnover increased 6.4 per cent to S$5.2 billion from S$4.8 billion

SEMBCORP Industries saw its second-quarter net profit rise 8.3 per cent to S$179 million, from S$165.4 million for the corresponding period last year, due to higher operating profit from its marine business and contributions from its urban development project in China.

Its revenue for the...

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