Singapore: Sembcorp Marine delivered another quarter of continuous growth with an eight percent increase in group attributable profit to US$96 million from US$89.3 million in the second quarter of 2008.
The group turnover registered an eight percent increase to US$1.04 billion as compared with US$960 million for the corresponding period in 2008.
The group operating profit at US$116 million was 50 percent higher than the same quarter in the previous year.
Sembcorp Marine's pre-tax profit increased eleven percent to US$124.5 million from
US$111.8 million in the second quarter of last year, attributable to higher operating margins from rig building projects, offset mainly by the lower contribution from the COSCO Shipyard Group.
