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You are here: Home → Archive → 2009 → November → Weekly Edition 12th November 2009 → Rigbuilding helps drive record profit

Rigbuilding helps drive record profit

by Marcus Hand, Singapore — last modified Nov 13, 2009 09:22 AM

SINGAPORE shipyard group Sembcorp Marine has racked up a record third-quarter net profit, backed by higher margins from rigbuilding projects.

Sembcorp reported a third-quarter net profit of S$145m (US$103.9m), 3% higher year on year, and the highest quarterly profit recorded to date by the shipyard group. The group said profits were up as result of higher margins from rigbuilding projects,...

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