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Sembcorp Industries posts 9.3% rise in Q4 profit

Sembcorp Industries has posted a 9.3 per cent rise in fourth quarter net profit to S$223.8 million from a year ago. This came on the back of a 5.6 per cent on-year rise in group turnover to S$2.97 billion in the same quarter.

SINGAPORE: Sembcorp Industries has posted a 9.3 per cent rise in fourth quarter net profit to S$223.8 million from a year ago.

This came on the back of a 5.6 per cent on-year rise in group turnover to S$2.97 billion in the same quarter.

For the full year in 2013, Sembcorp booked a net profit of S$820.4 million, an increase of 9 per cent from the previous year.

Full-year turnover rose 6 per cent to S$10.8 billion.

The group's utilities and marine business led the growth -- with utilities accounting for 51 percent of net profit, and marine business accounting for 39 per cent.

Sembcorp has proposed a final dividend of 17 cents per share, comprising an ordinary dividend of 15 cents and a bonus dividend of 2 cents.

Looking ahead, Sembcorp said it will see continued growth in its utilities business in 2014, mainly from its overseas operations.

Its marine business has a net order book of S$12.3 billion with completions and deliveries stretching into 2019. 

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