You are here

SembMarine posts fourth quarter net earnings of S$6m

Analysts see signs of recovery as the rig builder and shipyard operator's turnaround efforts pay off

Singapore

SEMBCORP Marine's fourth-quarter net profit fell 95 per cent to S$5.9 million from S$117.3 million a year ago on continued low business volume, but nonetheless beat the expectations of most analysts, some of whom had projected losses.

They said the group's showing is "

sentifi.com

Market voices on: