Sembcorp Industries Q4 profit decreases
28 February 2013, Oil, Gas
Turnover for the fourth quarter ended December 31, 2012 was SGD2.81 billion, compared to SGD2.24 billion for the fourth quarter ended December 31, 2011.
Profit attributable to owners of the company for the year ended December 31, 2012 was SGD753.28 million, or 41.84 cents per diluted share, compared to SGD809.28 million, or 44.98 cents per diluted share, for the year ended December 31, 2011.
Turnover for the year ended December 31, 2012 was SGD10.19 billion, compared to SGD9.05 billion for the year ended December 31, 2011.
Tang Kin Fei, group president and CEO of Sembcorp Industries, said, "In 2012, our Utilities business achieved record profits of S$374.6 million, delivering a compounded annual growth rate of 20% over the last ten years. We continue to position the company for future growth. In Singapore and key emerging markets, our Utilities business achieved significant milestones in the execution and development of our pipeline of projects and actively broadened our asset portfolio for greater recurring income."
Source: MarketLine
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