SembMarine reverses into the red with 4Q net loss of $77.7 mil, expects to book losses in FY20

SINGAPORE (Feb 20): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, reported a net loss of $77.7 million for 4QFY2019 ended December, compared to earnings of $5.9 million a year ago.

This widened the group’s losses for FY2019 to $137.2 million, some 85% higher than losses of $74.1 million in FY2018.