Shares & Derivatives
Semb Marine 1st Half Results – Net Profits Down 15%!
By StockBrokerPlaysPoker  •  July 29, 2015
2nd quarter earnings were down 17% and 1st half earnings were down 15%, I think this is pretty much expected as we already saw keppel corp drop 25% in earnings from its marine segment. A 4 cents mid year dividends were declared, slightly lower as compared to the 5 cents paid last year. I think its parent semb corp would pay lower dividends this year too. SMM paid 5 cents and 8 cents in the last 2 years, given the weakness... I'm expecting 4 cents and 6 cents for a total of 10 cents this year. SCI paid 5 cents and  11 cents last year for a total of 16 cents in FY14, I'm expecting just 12-14 cents in total for FY15. Looking at the trend... we might see only 400 to 500 mil in profits for the year 2015, so looking forward I'm expecting full year net profits to ......
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By StockBrokerPlaysPoker
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