2009

Sembcorpís Group profit after tax and minority interest (PATMI) for the year grew 35% from S$507.1 million to S$682.7 million, while turnover stood at S$9.6 billion.

The Marine businessí contribution to Group PATMI grew 48% from S$290.6 million to S$430.2 million, attributable to a combination of operational efficiency and execution of projects ahead of schedule resulting in better margins and the resumption of margin recognition for some of the businessí projects. The Utilities businessí PATMI grew by 6% from S$200.3 million to S$211.3 million, with operations in Singapore, China, Vietnam and the UAE showing growth.

2008

Sembcorpís turnover increased by 15% from S$8.6 billion to S$9.9 billion. Group 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 PATMI growth of 6%.

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 revenue and 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 Groupís 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 exceptional items (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 Groupís 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.
 
 
 
 
 
scroll back to top
scroll back to top
scroll back to top
scroll back to top
scroll back to top
scroll back to top
scroll back to top
 
  Copyright © 2010 Sembcorp Industries. All rights reserved.
Best viewed in 1024 x 768. Requires Flash Player 6 and above for viewing.
 
Click here for the detailed feedback form
 
Strongly
Disagree
Strongly
Agree
 
1
2
3
4
5

Navigation

Is the report clearly structured and laid out?

Can you find the information you are looking for easily?

Design

Do you consider the visual design appealing?

Overall impression

Does the report fulfil your overall expectations?