Media Releases

- Proposed sale accelerates the transformation of Sembcorp's portfolio from brown to green - Transaction structure preserves value for shareholders and protects the interests of SEIL's multiple stakeholders, while ensuring continuity of highest operations standards and best practices at SEIL - Stable transition to a proven and trusted long-term partner - Sembcorp will continue to support SEIL's operational excellence and initiatives to reduce its greenhouse gas emissions intensity, through a technical service agreement and provision of a financial incentive that rewards reduction in emissions intensity

For the first half of 2022 (1H2022), Sembcorp Industries recorded a turnover of S$4.8 billion, up 45% from S$3.3 billion in 1H2021. Group net profit before exceptional items increased 94% to S$490 million, with higher contributions from the Renewables and Conventional Energy segments.

Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, held the groundbreaking ceremony for the third expansion of the Vietnam Singapore Industrial Park in Binh Duong Province of Vietnam, referred to as VSIP Binh Duong III. The ceremony was witnessed by Vietnam Prime Minister Pham Minh Chinh, signifying the continued support of the Vietnamese government for the well-established VSIP projects as a driver of industrial development in the country.

Sembcorp Industries (Sembcorp) is pleased to announce that it has inked several partnerships to develop a range of energy and urban solutions that will support Vietnam’s energy transition and sustainable development. The areas of collaborations include: • Sustainable industrial park development; • Sustainable and reliable power system; • Renewable energy and technology; and • Skills and capabilities building.

Sembcorp Industries delivered a strong performance for the full year of 2021 (FY2021). Turnover was S$7.8 billion, 43% higher than the turnover of S$5.4 billion in FY2020. Group net profit increased 78% to S$279 million from S$157 million in FY2020 while Group net profit before exceptional items increased 57% to S$472 million arising from higher contributions across all segments.

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