Singapore's Sembcorp posts 7% rise in annual profit

Reuters

2025/02/27

Feb 27 (Reuters) - Singapore's Sembcorp Industries SCIL.SI posted a 7% rise in its full-year profit on Thursday, driven by better performance in the Integrated Urban Solutions segment, which was offset by lower income in their Gas and Related Services division.

The utility company said its total net profit was S$1.01 billion ($755.42 million) for the year ended December 31, compared with S$942 million a year ago.

($1 = 1.3370 Singapore dollars)

(Reporting by Nichiket Sunil and Aaditya Govind Rao in Bengaluru; Editing by Krishna Chandra Eluri and Rashmi Aich)

((Aaditya.govindrao@thomsonreuters.comNichiket.sunil@thomsonreuters.com))

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