Sembcorp to invest $700 million in green urban initiatives; first-half profit down 11%

Quick Summary:

It announced an interim dividend of six cents per share, which will be paid on Aug 22.

Earnings for the gas and related services segment are expected to be higher in the second half of the year, compared with the first half of 2024.

It announced its strategic plan for the segment alongside its first-half results, which saw profit from continuing operations drop 11 per cent to $540 million for the six months to June, from $608 million in the year-ago period.

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Category: EconomyBusiness

Markets: SingaporeChinaIndonesiaVietnam

Topics: Segment Power Sembcorp Million Industrial Cent Urban First Singapore 2024 2028

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 10:22:26 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 890 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 21950057

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