Substantial gains relating to Salalah IPO underpin results
Tue, Nov 12, 2013 - 6:00 AM
Sembcorp's utilities business saw the largest growth in net profit for the quarter of 73 per cent, to $172.4 million from $99.8 million last year - PHOTO: SEMBCORP INDUSTRIES
BACKED by substantial gains relating to the initial public offering of its Salalah company in Oman, Sembcorp Industries posted a 40.4 per cent surge in third-quarter net profit to $254.4 million, from $181.2 million a year ago.
Turnover for the three months ended Sept 30 was up 31 per...