Sembcorp Industries posts $131m net loss in H1 2020

Uploaded By:  Clarist Zablan Submitted By:  Clarist Zablan Case Study:  No It recorded exceptional items amounting to a negative $191m. Sembcorp Industries reversed to a $131m net loss in H1 2020, from a $191m profit in H1 2019, the company announced. At the same time, profit slipped 27% YoY to $3.52b, from $4.85b in the first half of 2019. The impact of the pandemic on the global economic outlook and low energy prices have affected its assessment of the recoverable amount of certain investments and assets, the company said. read more