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Sembcorp Industries reports 2HFY2021 earnings of $233 million

The Edge Singapore
The Edge Singapore2/23/2022 09:18 AM GMT+08  • 2 min read
Sembcorp Industries reports 2HFY2021 earnings of $233 million
The company plans to pay a total dividend of five cents per share for FY2021, versus four cents paid for FY2020
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Sembcorp Industries has reported earnings of $233 million for 2HFY2021 ended Dec 2021, from a loss of $866 million in the year earlier period. Revenue in the same period was up 59% to $4.5 billion.

The company attributes part of the improved earnings to the so-called conventional energy segment that did “exceptionally well” in the last three months of 2021, when energy prices surged across the board.

For the whole of FY2021, earnings came in at $279 million, versus a loss of $997 million incurred in FY2020. Revenue was up 43% to $7.8 billion.

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