Sembcorp Marine Q2 earnings down 12.5% at $124.9 million
RIG builder Sembcorp Marine (SembMarine) posted a dip in second quarter earnings on Thursday, due largely to lower revenue recognition from rig building.
Net profit for the three months to June 30 fell 12.5 per cent from the same period last year to $124.9 million.
Turnover also dipped 7.6 per cent to $1.12 billion for the same period.
Earnings per share for the quarter fell 12.6 per cent to 5.98 cents from the same period a year ago,