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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

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Published Wed, Feb 22, 2017 · 09:50 PM
    Sembcorp Marine

    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.

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