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Sembcorp's Q1 earnings fall on thinner energy business profits

Double whammy for group as crude oil price slump takes toll on utilities and marine segments

Published Thu, May 7, 2015 · 09:50 PM

Singapore

THINNER profits for its energy business dimmed first-quarter earnings for utilities firm Sembcorp Industries, which told a briefing on Thursday that its Singapore power plant business made a loss after factoring in depreciation.

The group, which added that it faces a challenging year ahead, has been handed a double whammy by the crude oil slump since both its major business segments, u…

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