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Sembcorp Marine Q2 Profit Plunges 90 Percent

SINGAPORE, July 28 (Reuters) – Singapore’s rig builder Sembcorp Marine Ltd’s second-quarter profit plummeted 90 percent, as the prolonged downturn in the oil markets hit orders and prompted customers to delay their projects. Sembcorp posted a profit of S$11 million ($8.15 million), for the three months ended June, compared with a profit of S$109 million […]

The post Sembcorp Marine Q2 Profit Plunges 90 Percent appeared first on gCaptain.

WP_Post Object ( [ID] => 123381 [post_author] => 4 [post_date] => 2016-07-28 15:18:07 [post_date_gmt] => 2016-07-28 15:18:07 [post_content] =>

Photo: Sembcorp MarineSINGAPORE, July 28 (Reuters) – Singapore’s rig builder Sembcorp Marine Ltd’s second-quarter profit plummeted 90 percent, as the prolonged downturn in the oil markets hit orders and prompted customers to delay their projects. Sembcorp posted a profit of S$11 million ($8.15 million), for the three months ended June, compared with a profit of S$109 million […]

The post Sembcorp Marine Q2 Profit Plunges 90 Percent appeared first on gCaptain.

[post_title] => Sembcorp Marine Q2 Profit Plunges 90 Percent [post_excerpt] =>

Photo: Sembcorp MarineSINGAPORE, July 28 (Reuters) – Singapore’s rig builder Sembcorp Marine Ltd’s second-quarter profit plummeted 90 percent, as the prolonged downturn in the oil markets hit orders and prompted customers to delay their projects. Sembcorp posted a profit of S$11 million ($8.15 million), for the three months ended June, compared with a profit of S$109 million […]

The post Sembcorp Marine Q2 Profit Plunges 90 Percent appeared first on gCaptain.

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