Sembcorp Industries profit down to S$222.4m

It dropped from S$244.1m in the third quarter of 2010, as Sembcorp Industries' Marine business posted profit decline.

In an announcement Sembcorp Industries said Marine’s 3Q2011 net profit went down while Utilities grew its contribution to the Group’s net profit to 35% from 27% in 3Q2010.

Mr Tang Kin Fei, Group President & CEO of Sembcorp Industries, said the Utilities business has increased its contribution to the Group’s net profit from less than S$50 million ten years ago to over S$200 million today.

Sembcorp Industries said it intends to further grow and expand its Utilities business. As for the Marine business, the company said enquiries remain healthy but competition is keen.

View related story here.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia