Sembcorp Marine Q3 Tumbles as Rig Projects Fall Short
Singapore's Sembcorp Marine Ltd said on Thursday its third-quarter net profit shrunk 76 percent on the year due to lower contribution from rig building projects.
Sembcorp Marine, one of the world's largest offshore drilling rig producers, posted a net profit of S$32.1 million ($23.1 million) from revenue of S$1.1 bilion, which fell over a third on the year.
(Reporting by Rujun Shen)