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Home / Capital / Results

Sembcorp Marine says it remains loss-incurring for 3Q in business update

Results

Sembcorp Marine says it remains loss-incurring for 3Q in business update

Felicia Tan Published on Wed, Nov 11, 2020 / 7:49 AM GMT+8

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In its interim business update for the 3QFY2020 and 9MFY2020 released on Nov 11, Sembcorp Marine (SembMarine) says the group continued to incur losses during the quarter with low overall business volume and execution delays.

It adds that it expects losses to continue into the 4QFY2020.

See: Sembcorp Marine is expected to 'remain loss-making' in FY20 and FY21, estimates KGI Securities

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