Sembcorp Marine (SembMarine) announced, on July 12, that it expects to report losses in the 1HFY2021 ended June, which is likely to be “in the region of” the full-year losses incurred in the FY2020 ended December.

This is due to the provisions undertaken by the group for the increased costs to complete the group’s ongoing projects in the FY2021 and FY2022 that were incurred in the 1HFY2021.

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