“4Q18 net profit of $5.9 million beat our expectation of $24 million losses,” says CGS-CIMB Research analyst Lim Siew Khee in a Wednesday report.
SINGAPORE (Feb 21): Analysts believe Sembcorp Marine (SMM) could be on the cusp of a turnaround, after swinging out of the red with earnings of $5.9 million for 4Q18.
While the group’s 4Q performance was a long way off its restated 4Q17 earnings of $117.3 million, it had beat expectations of another net loss in the latest quarter.
