As we head deeper into the earnings season, here are summaries of the earnings from another three companies.
Sembcorp Industries Ltd (SGX: U96)
Sembcorp Industries Ltd, or SCI, is a leading energy and urban solutions provider with a balanced energy portfolio of over 12,800 megawatts (MW).
Of this amount, the group has around 3,300 MW of renewable energy capacity including solar, wind and energy storage globally.
For its fiscal 2021 first half (1H2021), the utility giant reported a 26% year on year jump in revenue to S$3.3 billion.
Gross profit jumped by 50% year on year to S$530 million as gross margin expanded from 13.5% to 16%.
Net profit clocked in at S$54 million, a reversal from the S$35 million loss incurred a year ago.
1H2021 was, however, impacted by an impairment of S$212 million on a coal-fired power plant in China.
Excluding this charge, net profit would have risen by 69% year on year to S$252 million....