More time needed for Sembcorp to improve profitability

SINGAPORE (Nov 6): Sembcorp Industries announced that its 3Q17 earnings dropped 37.7% to $33.6 million from $53.9 million a year ago.

Revenue declined 15.5% to $1.81 billion from $2.14 billion the previous year due to a drop in the group’s marine segment revenue, but was partially offset by higher contributions from Utilities in Singapore and India operations.