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
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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 "encouraging" and showed that its turnaround efforts are working.
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