Highlights from Sembcorp’s 9M2011 Financial Results
• Turnover at S$6.8 billion, up 2%
• Profit from Operations* at S$925.7 million, down 2%
• Net Profit before EI at S$557.4 million, up 5%
• Net Profit after EI at S$557.4 million, down 1%
• EPS at 31.2 cents
• ROE (annualised) at 18.1%
– Strong operating results from the Utilities business
– Utilities business achieves strong profit growth of 22%
SINGAPORE, November 4, 2011 – Sembcorp Industries (Sembcorp) achieved a healthy 5% increase in net profit (Net Profit) attributable to shareholders of the Company before exceptional items for the first nine months of 2011 (9M2011). Group Net Profit increased to S$557.4 million from 9M2010’s S$532.1 million. This excludes the Group’s share of Marine’s exceptional item of S$32.1 million in 9M2010. The Utilities business sustained its strong performance into 9M2011. Net Profit grew 22% and contribution to the Group’s Net Profit increased to 38% compared to 31% last year. The Marine business achieved a Net Profit of S$317.9 million compared to S$347.0 million in 9M2010.
Return on equity (annualised) for the Group was a healthy 18.1% and earnings per share amounted to 31.2 cents for the period. Economic value added was a positive S$456.6 million while cash and cash equivalents stood at S$2.7 billion.
In 3Q2011, Group Net Profit increased 5% to S$222.4 million. Utilities delivered a strong 33% increase in Net Profit to S$78.8 million, growing its contribution to the Group’s Net Profit to 35% from 27% in 3Q2010. Marine’s 3Q2011 Net Profit was S$135.2 million compared to S$148.4 million last year.
Mr Tang Kin Fei, Group President & CEO of Sembcorp Industries, said: “Over the years, the Utilities business has grown and increased its contribution to the Group’s Net Profit from less than S$50 million ten years ago to over S$200 million today. We intend to further grow and expand our Utilities business through the implementation and completion of projects under construction and securing new growth opportunities. Together, the Utilities and Marine businesses will form a strong solid base to deliver sustainable earnings to our shareholders."
美股市況|美首季GDP放緩 道指曾瀉700點後跌幅收窄 長債息升穿4.7厘 美英偉達逆市彈3%(不斷更新) – 香港經濟日報 – 即時新聞頻道 –
即市財經 – 股市
-
美股早段大跌,道指曾瀉706點,低見37754點,納指曾挫368點或2.3%,至15343點開市大跌16%,預告今年資本開支增、明年使費更大微軟、Alphabet、intel、Snap等將公布業績美股
Read More
55 minutes ago
No comments:
Post a Comment