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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday 6 May 2014

Sembcorp Industries reports 4.5% rise in Q1 earnings

SINGAPORE: Sembcorp Industries has booked a 4.5 per cent increase in first quarter earnings, compared to a year ago. Net profit came in at S$184.8 million.

The increase is largely due to higher contributions from its utilities and marine businesses, as well as stronger growth in its urban development business.

Sembcorp said net profit from the utilities business was S$91.6 million, while net profit for the marine segment was S$74.3 million -- both of which were up three per cent compared to the previous year.

Its urban development business also did better, with a net profit of S$19.5 million - up 192 per cent from the previous year. The increase in profits was attributed to strong contributions from its Nanjing Eco Hi-tech Island project in China.

Revenue, meanwhile, rose by 12 per cent to S$2.6 billion.

Looking ahead, Sembcorp said it expects steady performance from its utilities business this year. However, it warns that margins in the marine business could come under pressure due to intense competition.
Its marine business has a net order book of S$12.9 billion as of May 2, with completion and deliveries stretching into 2019.

No comments:

Post a Comment

Related Posts with Thumbnails