Sembcorp Posts A Group Net Profit of S$301 Million for FY2020

Sembcorp Industries (Sembcorp) posted a Group net profit of S$301 million for full year 2020 (FY2020).

It is excluding exceptional items and the discontinued Marine business, compared to S$456 million in FY2019.

Including the Marine business and exceptional items, the Group recorded a net loss of S$997 million for FY2020, compared to a profit of S$247 million in FY2019.

A Sembcorp news article features about Sembcorp’s underlying FY2020 net profit of S$301 million amid a challenging year.

A net...

https://mfame.guru/sembcorp-posts-a-group-net-profit-of-s301-million-for-fy2020/

MOL Revises Consolidated Business Outlook of FY2020

Mitsui O.S.K. Lines, Ltd. has announced a revision of its consolidated business outlook for fiscal year 2020 (April 1, 2020 to March 31, 2021), reads a press release by the company.

1. Revisions to the consolidated business outlook for FY2020 (April 1, 2020 to March 31, 2021)

The consolidated business outlook for the first quarter of fiscal year 2020 is not revised at this time, and the Company plans to announce the results on July 31, 2020.

2. Reason for revision of outlook

On April 30,2020, the...

https://mfame.guru/mol-revises-consolidated-business-outlook-of-fy2020/