I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Monday 10 May 2010

.Sembcorp Q1 net profit up 19% to S$158.8m boosted by marine division

By Mok Fei Fei

Posted: 10 May 2010 1159 hrs

SINGAPORE : Conglomerate Sembcorp Industries said on Monday its first quarter net profit rose 19 per cent on-year to S$158.8 million.


Its higher profit came on the back of a 12 per cent increase in revenue to S$2.4 billion.

Sembcorp said the improved performance was due mostly to its marine business.

Sembcorp Marine's contribution to the parent's net profit grew 23 per cent to S$91 million.

Last Friday, Sembcorp Marine said its first quarter net earnings rose about 24 per cent to some S$149 million from a year ago.

Sembcorp said the hike in its utilities unit's turnover for the period ended in March was mainly from its Singapore operation, which saw higher sulphur fuel oil prices.

But its Environment unit's revenue dropped 21 per cent due to the divestment of its conservancy, commercial cleaning and car park management business.

Going forward, Sembcorp said its utilities operations is expected to remain fairly steady this year.

It also said its marine business expects to achieve satisfactory results, while its industrial parks is likely to perform better.

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