Sembcorp Industries Doubles its Interim Dividend: 5 Highlights from its 1H2022 Earnings

The Smart Investor2022-08-09

It is earnings season once again, and manyblue-chip stockshave reported their latest fiscal 2022’s first half (1H2022) results.Thetrio of local bankshas reported a set of results that attest to their ...

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Comments

  • KST66
    2022-08-09
    KST66
    Thanks 
  • NgKenny
    2022-08-09
    NgKenny
    Nice
  • robot1234
    2022-08-09
    robot1234
    Soaring energy prices power Singapore's Sembcorp Industries half-year profit. Singapore's Sembcorp Industries Ltd said on Friday its first-half profit surged nearly 11 times and also forecast a stronger fiscal 2022, as the utilities company reaped the benefits of higher energy prices at home and in India.The Conventional Energy segment, which made up 86% of total revenue last year, swung to a profit of S$397 million ($288.73 million) in the first half from a loss last year, further aided by realised gains from favourable gas hedges entered in 2021 in Singapore.Sembcorp Industries expects strong underlying earnings from the energy segment in the second half if market conditions remain steady, but flagged risks to its performance from global inflationary concerns.The bumper performance also
  • BeRich
    2022-08-09
    BeRich
    Ok
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