Sembcorp Industries has reported earnings of $46 million for the 1HFY2021 ended June, reversing into the black from losses of $42 million in the corresponding period the year before.

This includes exceptional items of a negative $206 million, which includes an impairment of $212 million made for the 49%-owned Chongqing Songzao coal-fired power plant in China.

Earnings per share (EPS) for the 1HFY2021 stood at 2.55 cents on a fully diluted basis, from loss per share of 8.29 cents in the 1HFY2020.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook