Sembcorp's profit from utilities arm in China jumped five-fold to $30m

Analysts are projecting $50m net profit.

According to OCBC, Sembcorp Industries (SCI) announced last week that it will expand its water business with two new wastewater treatment projects in industrial parks in Panjin City.

"We see the initial phases of these projects as incremental expansions in China, adding about 10% to the group’s total industrial water capacity in the country where SCI has about 298,000m3/day of industrial water capacity, and 1,030,000m3/day of municipal water capacity," OCBC said.

Here's more from OCBC:

The group’s utilities business in China has seen good growth over the years, with net profit increasing from S$6m in 2009 to S$30m in 2012.

We are expecting net profit of about S$50m this year; 1H13 net profit has already reached S$32.7m.

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