MARKET UPDATES :
Drilling rig builder Sembcorp Marine Ltd said on Monday its second-quarter net profit rose 5.4 per cent from a year earlier to S$131.6 million (US$105.57 million), helped by stronger performance from its rig building and fixed platform businesses. Sembcorp Marine, in which Singapore’s state investor Temasek Holdings holds more than 60 per cent, said its revenue for the quarter ended June 30 rose 19 per cent to S$1.34 billion.
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Drilling rig builder Sembcorp Marine Ltd said on Monday its second-quarter net profit rose 5.4 per cent from a year earlier to S$131.6 million (US$105.57 million), helped by stronger performance from its rig building and fixed platform businesses. Sembcorp Marine, in which Singapore’s state investor Temasek Holdings holds more than 60 per cent, said its revenue for the quarter ended June 30 rose 19 per cent to S$1.34 billion.
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