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!

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Wednesday 11 May 2011

Sembcorp Industries Q1 net profit flat, sees sustainable growth

SINGAPORE - Sembcorp Industries said on Wednesday first quarter net profit rose 0.7 per cent from the year-ago period as marginal gains in its utilities and marine businesses were offset by lower profits from industrial parks.
It earned S$159.9 million (US$129.8 million) in the three months ended March 31, up from S$158.8 million in Jan-March 2010. Turnover fell 17 per cent to S$2.0 billion from S$2.4 billion.

Looking ahead, the firm said it expects its marine arm to secure additional orders while its utilities and industrial park businesses should report steady performances.

Sembcorp's marine business, held through listed Sembcorp Marine, has a current net order book of S$5.2 billion due for completion in first quarter 2014, including S$1.5 billion in orders secured year-to-date.

'At the same time, we are developing new sizeable energy and water projects in Singapore, India and Oman,' CEO Tang Kin Fei said in a statement.

'With a total project value of S$4 billion, these investments will provide the impetus for Sembcorp to achieve sustainable growth,' he added. -- REUTERS
Posted by Createwealth8888 at 19:56
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