SembMarine back in the black with S$34.29m Q4 profit (Amended)
Group turnover down 37% but bottom line helped by absence of rig building impairment and provisions
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE-LISTED yard group Sembcorp Marine is back in the black for the fourth quarter with a net profit of S$34.29 million, a reversal from a net loss of S$536.88 million, mainly on the absence of impairment and provisions for its rig building projects.
Earnings per share was 1.64 Singapore cents compared to a loss per share of 25.70 Singapore cents.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
