SembMarine posts S$55.62m Q2 net loss

Singapore

SEMBCORP Marine posted a net loss of S$55.62 million for the second quarter on the realised loss from the sale of a semi-submersible rig and lower overall business volume. This is a reversal from a net profit of S$5.12 million for the corresponding quarter a year ago.

Loss per share for the three months ended June 30, 2018, was 2.66 Singapore cents, compared to earnings per share of 0.24 Singapore cent for a year-ago period.