Sembcorp posts FY2015 net profit of S$548.9 million
Sembcorp Industries (Sembcorp) posted a net profit of S$548.9 million and a turnover of S$9.5 billion for the full year 2015 (FY2015) compared to S$801.1 million and S$10.9 billion in FY2014 respectively.
In FY2015, the Utilities business delivered a 72% growth in net profit to S$701.5 million compared to S$408.0 million in FY2014, underpinned by growth from its overseas operations as well as gains from the sale of its Australian waste management joint venture and municipal water operations in the UK and Zhumadian, China. Meanwhile, the Marine business incurred a net loss of S$176.4 million in FY2015 compared to a net profit of S$340.0 million in FY2014. The Urban Development business posted a net profit of S$33.5 million compared to S$44.3 million in FY2014.
Return on equity for the Group was 9.4% and earnings per share amounted to 29.2 cents. Cash and cash equivalents stood at S$1.6 billion.
In the fourth quarter of 2015 (4Q2015), the Group posted a net profit of S$60.8 million and a turnover of S$2.4 billion compared to S$240.6 million and S$2.7 billion in 4Q2014 respectively.
