Although Sembcorp had previous- ly guided an estimated net profit impact from the plant’s closing of $60 million to $70 million earlier in February at its FY2023 briefing, the figure was limited to around $50 million.
Sembcorp Industries reassured analysts and the media with its resilient results for the 1HFY2024 ended June, despite concerns over the shutdown of its Singapore co-generation power plant in the 2QFY2024.
In 1HFY2024 ended June, the group reported earnings of $540 million, 2% higher than the $530 million in 1HFY2023.
