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SembMarine earnings hit by rig-building headwinds

Q3 profit dives 76% to S$32m; nine-month earnings down 36%


SEMBCORP Marine posted a 17 per cent year-on-year decline in group revenue from S$4.4 billion to S$3.6 billion for the nine months to September, on lower revenue recognition for rig-building projects and ship repair under an environment of low oil prices and oversupply in the...

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