Sembcorp Marine Q4 net falls 26% on higher costs

Publish date: Thu, 23 Feb 2012, 05:50 PM
Sembcorp Marine, the world’s second largest rig-builder, reported a larger-than-expected 26% fall in quarterly net profit as it booked fewer higher-margin projects, reported Reuters.

The company, controlled by Singapore-listed infrastructure conglomerate Sembcorp Industries, earned $177 million in net profit excluding exceptional items for the three months ended December compared to $239.4 million a year ago.
 
The profit figure was below analysts forecast of $184.1 million. Including exceptional items, the net profit attributable to the owners of the firm would be $229 million.
 

Labels: Sembcorp Marine

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tianho

This still a very strong compare to many stock. do your calculation giving a total of 0.25 cents. with special dividend at the end if approve.
DIVIDEND
The Directors are pleased to recommend a total final one-tier tax-exempt cash
dividend of 20 cents per share for the financial year ended 31 December 2011
comprising:
i) A final ordinary one-tier tax-exempt cash dividend of 6 cents per share &
ii) A final special one-tier tax-exempt cash dividend of 14 cents per share
Including the interim one-tier tax-exempt cash dividend of 5 cents per share
paid on 31 August 2011, the total dividend will be 25 cents per share, which
translates to a payout ratio of 69% for 2011.
The proposed final and special cash dividend, if approved at the Annual
General Meeting to be held on 20 April 2012, will be paid on 11 May 2012.

2012-02-24 09:26

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