Shares slide 6% after Sembcorp flags S$245m impairment
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Singapore
SHARES in Sembcorp Industries (SCI) were sold down on Friday after the conglomerate issued a profit guidance overnight.
Its energy business is expected to turn in a loss for the fourth quarter ended Dec 31 due to an impairment of S$245 million. The amount represents about 4 per cent of the company's net asset value as at Sept 30.
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