You are here

Sembcorp Q3 earnings surge 40% to $254.4m

Substantial gains relating to Salalah IPO underpin results

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to