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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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday, 3 August 2010

Sembcorp Marine says Q2 net profit up 28%

SINGAPORE - Sembcorp Marine, the world's number two oil rig builder, reported on Tuesday a better-than-expected 28 per cent rise in second quarter net profit, helped by higher margins and earlier completion of projects.

The company, 61 per cent owned by Sembcorp Industries, earned $176.1 million in the April-June period, up from $138.1 million a year ago.

The result beats the $141.6 million forecast of two analysts surveyed by Reuters.

Sembcorp Marine said its orderbook stood at $4.3 billion. -- REUTERS
Posted by Createwealth8888 at 17:51
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