Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Sembcorp reports record results

Sembcorp reports record results

Singapore: Sembcorp Marine has posted record results for the first half of 2006, reporting a new revenue high of S$1.5bn ($948m), an increase of 68% over the previous year. Net profit rose 43% to S$49.6m and interim dividend payouts are up 40%. The Singapore-based shipbuilding, repair and offshore engineering group attributes its strong performance to increased demand for oil rig orders, driven by record high oil prices. Rig building activities have quadrupled, comprising almost half the group's workload for the past six months. Meanwhile, shipbuilding and repair have seen double-digit increases of 18% and 11.5% respectively, with conversion work currently at a lower level than 2005.  [02/08/06]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.