Sembmarine plunges into wider 1H20 net loss of $192 mil amid Covid-19

SINGAPORE (July 15): Sembcorp Marine (Sembmarine) has reported a weaker set of results for the six months ended June 30, 2020 as the novel coronavirus (Covid-19) crippled many industries, including offshore and marine.  

The company plunged into a wider net loss of $192 million in the half-year period, compared to a net loss of $6.8 million in the same period last year.

This came on the back of a revenue decline of 41.2% to $906.2 million from $1.54 billion a year ago.

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