SINGAPORE - 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.
Together with an interim dividend of two cents per share paid in September 2019, the group's total dividend for the year will be five cents per share. On outlook, Sembcorp said there are still downside risks to global economic growth expectations with heightened geopolitical tensions as well as the impact of the Covid-19 outbreak on China and the region.
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