SINGAPORE (Oct 25): Sembcorp Marine has reported a loss of $29.8 million in 3Q18, compared to earnings of $101 million in 3Q17 after restating for accounting changes on adoption of SFRS (I).

This brings 9M18 loss to $80.1 million, compared to restated earnings of $142.9 million in 9M17.

The net loss for both 3Q and 9M periods were mainly due to loss upon the sale of a semi-submersible and continued low overall business volume.

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