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Home > Five-Year Performance Profile
2008

Sembcorpís turnover increased by 15% from S$8.6 billion to S$9.9 billion. Group profit after tax and minority interest (PATMI) for the year stood at S$507.1 million. Excluding the one-off write-back of S$48 million of tax provisions recorded in 2007, Sembcorp achieved a growth of 6% in PATMI.

Sembcorpís Utilities and Marine businesses continued to be its main profit contributors, accounting for 92% of Group PATMI. Marineís contribution to Group PATMI rose 32% to S$290.6 million, mainly due to higher operating margins from its rig building and ship repair businesses. Utilitiesí PATMI stood at S$200.3 million with its Singapore and UK operations contributing S$130.8 million and S$67.6 million respectively.

During the year, the Group recorded an exceptional loss of S$26.9 million comprising of the Group's share of the Marine businessí foreign exchange losses from the unauthorised transactions.

2007

Sembcorp achieved a 6% growth in turnover to S$8.6 billion. Group PATMI before EI in 2007 was S$557.2 million compared to S$380.8 million in 2006, representing a growth of 46%. Strong business fundamentals continued to drive Sembcorpís growth, backed by positive operating performance from Utilitiesí Singapore and UK operations and Marineís rig building and ship repair businesses.

The Group recorded a net exceptional loss of S$31.0 million during the year, which comprised the Group's share of losses recognised by the Marine businessí unauthorised foreign exchange transactions, partially offset by gains on the sale of certain investments.

2006

Sembcorp achieved a robust performance, posting a record PATMI after EI of S$1.0 billion, a growth of 240% over 2005. Turnover from continuing operations increased by 30% to a record S$7.5 billion. PATMI before EI from continuing operations rose by 52% to S$373.1 million, driven mainly by strong performance from Utilitiesí UK operations and higher operating margins from Marineís rig building and ship repair businesses.

The Group recorded exceptional gains of S$650.2 million in 2006. These comprised the net gain on the sale of subsidiaries and other financial assets, tax benefits relating to compensation and related costs incurred in the Solitaire arbitration and the write-back of an impairment for property, plant and equipment. These were partially offset by an additional charge arising from the final settlement of the Solitaire arbitration as well as a loss from the sale of a subsidiary.

2005

Sembcorpís turnover increased by 25% from S$5.9 billion in 2004 to S$7.4 billion in 2005. The Groupís PATMI before EI was S$278.5 million compared to S$227.7 million in 2004, representing a 22% growth driven mainly by Utilitiesí UK operations and growth across all of Marineís business units, in particular offshore conversion and rig building. PATMI excluding the profit contribution from Kuehne & Nagel and EI was 45% higher as compared to 2004.

2004

Sembcorp delivered robust results for the year, with strong operating performances by most units and higher divestment gains. Turnover for the Group grew 28% to S$5.9 billion, net profit attributed to shareholders grew by 37% to S$391.5 million, while PATMI before EI went up by 24% to S$227.7 million. The Utilities, Marine and Logistics businesses were the three main contributors to the Groupís PATMI and profit growth over 2003.

During the year, the Group recorded a net exceptional gain of S$163.8 million arising from the gains on disposal of investments, reduced by write-offs for work in progress and provisions for legal claims and costs.
 
 
 
 
 
 
 
 
 
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