Sembcorp Marine, the world’s second largest rig-builder, reported a larger-than-expected 26% fall in quarterly net profit as it booked fewer higher-margin projects, reported Reuters.
The company, controlled by Singapore-listed infrastructure conglomerate Sembcorp Industries, earned $177 million in net profit excluding exceptional items for the three months ended December compared to $239.4 million a year ago.
The company, controlled by Singapore-listed infrastructure conglomerate Sembcorp Industries, earned $177 million in net profit excluding exceptional items for the three months ended December compared to $239.4 million a year ago.
The profit figure was below analysts forecast of $184.1 million. Including exceptional items, the net profit attributable to the owners of the firm would be $229 million.
No comments:
Post a Comment