Sembcorp Marine: Post 3Q16 Net Loss Of S$21.8 Million Vs 3Q15 Net Profit Of S$32.1 Million.

25 Oct 2016 17:28

On a quarterly basis, Group turnover for 3Q 2016 at $888 million was 21% lower when compared with $1.13 billion for the same period in 2015. The Group recorded a net loss of $21.8 million for 3Q 2016 compared with a net profit of $32.1 million in 3Q 2015 due mainly to higher finance costs of $22.5 million and share of losses of associates and joint ventures of $27.7 million for the quarter...

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