A PROTRACTED downturn in the marine sector and impairments of its UK energy asset pushed Sembcorp industries into the red. It posted a net loss of S$15 million for the fourth quarter, reversing from a profit of S$106 million a year earlier.
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Sembcorp posts $15m Q4 loss on lower energy, marine revenueSINGAPORE (THE BUSINESS TIMES) - Sembcorp Industries sank into the red with a net loss of $15 million for its fourth quarter ended Dec 31, 2019, compared with a net profit of $106 million a year ago, dragged down by lower revenue from its energy and marine segments.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Agent linked to Sembcorp Marine units jailed for 19 years in Brazil corruption probeSINGAPORE - A agent linked to Sembcorp Marine's Brazilian subsidiaries has been found guilty by a court in Brazil of corruption, money laundering and participation in a criminal organisation.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
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