One of the contributors to these losses includes a $64 million impairment from the group’s divestment of its water business in Chile, which was also reported on Thursday. Under the divestment, Sembcorp Utilities - a wholly-owned subsidiary of Sembcorp Industries - agreed to sell 100% of their interests in the water business for a total consideration of 27.8 billion pesos ($49 million) to SACYR S.A., a Spanish construction company.
SINGAPORE (Feb 6): Sembcorp Industries has reported that it expects to book a net loss for 4QFY2019 ended December on the back of impairment losses worth $245 million.
In a regulatory filing on Thursday, the group says that the impairment losses arose from its periodic assessment of the recoverable amounts based on expected future cash flows of its energy assets.
