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SembMarine gives notice of three straight years of losses

Felicia Tan
Felicia Tan • 1 min read
SembMarine gives notice of three straight years of losses
In its latest results release, the group reported a reduced loss of $261.1 million for the FY2022 ended Dec 31, 2022.
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Sembcorp Marine (SembMarine) (SGX:S51) has given notice that it has recorded losses for three consecutive financial years (FYs) on April 3.

In its latest results release, the group reported a reduced loss of $261.1 million for the FY2022 ended Dec 31, 2022.

The group was also recently given the green light to merge with Keppel Offshore and Marine (Keppel O&M). The combined entity will be helmed by Chris Ong, Keppel O&M’s CEO.

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