Sembcorp Marine , the world's second largest rig builder, posted a worse-than-expected 15 percent fall in second quarter net profit, despite stronger marginsr, Reuters reports. The company, a unit of waste-processor to infrastructure conglomerate Sembcorp Industry , reported a net profit of S$149.7 million ($124.4 million) for the three months ended June 30, compared to S$176.1 million a year ago.
The profit was missing the average forecast of two analysts surveyed by Reuters of S$183.5 million.
Sembcorp said its net orderbook stood at S$5.7 billion after securing a total of S$2.6 billion in new orders since the start of the year, excluding ship repair contracts.
The profit was missing the average forecast of two analysts surveyed by Reuters of S$183.5 million.
Sembcorp said its net orderbook stood at S$5.7 billion after securing a total of S$2.6 billion in new orders since the start of the year, excluding ship repair contracts.