Sembcorp Industries is pleased to announce its leadership succession. Neil McGregor, who will turn 65 this year, will be retiring as Group President & CEO on June 30, 2020. He will be succeeded by Wong Kim Yin, 50, with effect from July 1, 2020. Mr McGregor will remain as advisor until December 31, 2020.

Sembcorp Industries (Sembcorp) posted a net profit of S$247 million and turnover of S$9.6 billion for full year 2019 (FY2019), compared to S$347 million and S$11.7 billion respectively in FY2018. Excluding exceptional items, underlying Group net profit grew 17% to S$395 million.

Sembcorp Industries (Sembcorp) posted a net profit of S$262 million for the first nine months of 2019 (9M2019), up 9% from S$241 million in 9M2018. Turnover was S$7.3 billion compared to S$9.1 billion in 9M2018, mainly due to lower revenue recognition from rigs and floaters and offshore platform projects for the Marine business.

Sembcorp Industries (Sembcorp) posted a net profit of S$191 million for the first half of 2019 (1H2019), up from S$159 million in 1H2018, on improved performance from the Energy business. Turnover was S$4.9 billion compared to S$6.1 billion in 1H2018.

Sembcorp Industries (Sembcorp) posted a net profit of S$93 million for the first quarter of 2019 (1Q2019), up from S$77 million in 1Q2018, on improved performance from the Energy business. Turnover was S$2.5 billion compared to S$2.8 billion in 1Q2018.

Sembcorp Industries (Sembcorp) delivered a creditable set of results for full year 2018 (FY2018) with good performance from its Utilities and Urban Development businesses mitigating a weak performance from the Marine business. The Group posted turnover of S$11.7 billion and net profit of S$347 million in FY2018, compared to S$9.0 billion and S$383 million respectively in FY2017.

Sembcorp Industries (Sembcorp) posted a turnover of S$9.1 billion and a corresponding net profit of S$240.9 million in 9M2018, compared to S$6.6 billion and S$265.3 million in 9M2017 . Excluding the Marine business, the Group delivered a profit growth of 62%, with net profit at S$290.8 million compared to S$179.3 million in 9M2017. In the period, a 96% net profit growth in the Utilities business and stable Urban Development earnings mitigated Marine’s weak performance.

Sembcorp Industries (Sembcorp) delivered a credible first half 2018 (1H2018) result, offsetting a weak performance from its Marine business with improved and stable results from its Utilities and Urban Development businesses respectively.

Sembcorp Industries (Sembcorp) is pleased to announce the appointment of Dr Josephine Kwa Lay Keng to its board as an independent director with effect from August 1, 2018. She is currently a member of Sembcorp’s Technology Advisory Panel, which advises the company on digital and technological developments in line with its growth strategies.

Sembcorp Industries (Sembcorp) announces the appointment of the head of its newly-established Merchant & Retail business line, Namesh Hansjee, who will join the company on August 27, 2018.

Sembcorp Industries (Sembcorp) announces the appointment of a new Group Chief Financial Officer (CFO), Mr Graham Cockroft, who will join the company on September 3, 2018.

Sembcorp Industries (Sembcorp) is pleased to announce it has committed a sponsorship of US$200,000 (S$268,920) to UNLEASH 2018, a global innovation programme hosted in Singapore from May 30 to June 6, 2018. The programme is aimed at creating solutions to help achieve the United Nations Sustainable Development Goals (SDGs).