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
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