Sembcorp's Q2 net profits gain 13.6%

By JOYCE HOOI


SEMBCORP Industries posted a 13.6 per cent increase in its net profit for the second quarter of 2010, from S$141.9 million a year ago to S$161.2 million.

Revenue fell 12.2 per cent year-on-year to S$2.14 billion.

For the first half of the year, net profit was up 16.2 per cent to S$320.1 million, while revenue was at S$4.54 billion, S$800,000 lower compared to the same period last year.

Earnings per share for Q2 and H1 2010 stood at 8.97 cents and 17.83 cents respectively, up from 7.92 cents and 15.40 cents the corresponding periods the year before.