SembMarine reverses into the red with 4Q net loss of S$77.7 mil, expects to book losses in FY20

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SINGAPORE (Feb 20): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, reported a net loss of S$77.7 million for 4QFY19 ended December, compared with an earnings of S$5.9 million a year ago. 

This widened the group’s losses for FY2019 to S$137.2 million, some 85% higher than losses of S$74.1 million in FY2018. 

This resulted in a loss per share of 3.72 Singaporean cents for the quarter, compared to...(click on link for full story on theedgesingapore.com)