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Sembcorp Industries books 8.3% increase in Q2 earnings

Its net profit in Q2 amounted to S$179 million, driven by its marine and utilities businesses.

SINGAPORE: Sembcorp Industries has booked an 8.3 per cent increase in earnings for the second quarter, compared to a year ago. Net profit amounted to S$179 million, driven by its marine and utilities businesses compared to S$165.4m in Q2 last year.

Turnover inched ahead by 1.4 per cent, to S$2.53 billion compared to S$2.49 billion in the same period a year ago.

For the first half of the year, net profit totalled S$363.9 million, an increase of 6.3% from S$342.2 million last year. Turnover for the first half also increased by 6 per cent to S$5.2 billion, from S$4.8 billion in the same period a year ago.

Looking ahead, Sembcorp Industries believes that it is in position to continue to deliver growth in the long term, given its presence in emerging market, growth in capacity and marine order book.It has announced an interim dividend of 5 cents per ordinary share, which will be paid out on Sep 2. 

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