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SEMBCORP Industries reported first-quarter net profit of
S$176.9 million, largely unchanged from S$176.7 million in the same
period last year - PHOTO: SEMBCORP
SEMBCORP Industries reported first-quarter net profit of S$176.9
million, largely unchanged from S$176.7 million in the same period last
year.
The muted performance was due to a fall in profit contribution from Sembcorp's utilities business, which the group attributed to lower volumes sold when its 815 megawatt Singapore co-generation plant went through maintenance inspection in January, as well as from lower contribution from gas sales.
Revenue in the first three months of 2013 was down three per cent to S$2.35 billion from S$2.43 billion a year ago, as a result of the Singapore plant inspection and lower High Sulphur Fuel Oil prices in the period.
Earnings per share was unchanged at 9.9 Singapore cents.
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The muted performance was due to a fall in profit contribution from Sembcorp's utilities business, which the group attributed to lower volumes sold when its 815 megawatt Singapore co-generation plant went through maintenance inspection in January, as well as from lower contribution from gas sales.
Revenue in the first three months of 2013 was down three per cent to S$2.35 billion from S$2.43 billion a year ago, as a result of the Singapore plant inspection and lower High Sulphur Fuel Oil prices in the period.
Earnings per share was unchanged at 9.9 Singapore cents.
Read more?
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