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Marine: Results for the Quarter Ended 30 June 2016

Details on how the business of the Sector is managed and its related performance are set out below.  This information is given on a voluntary basis and from the perspective of the Sector management, as its disclosure is not required by law or regulation.

Marine
“Comparable revenue”  

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2016 

 

2016
2Q

2015
2Q

Growth
%

Revenue ($m)

248

254

(2)

Earnings before interest and tax (EBIT) ($m)

17.0

26.2

(35)

Other income, net ($m)

2.6

0.9

179

Finance income, net ($m)

0.8

1.1

(23)

Profit before tax (PBT) ($m)

20.4

29.6

(31)

Profit attributable to shareholders ($m)

16.7

23.5

(29)

   

Economic Value Added for the first half of 2016 was $17.2 million 

“The Marine sector achieved comparable revenue despite the industry facing strong headwinds. Profit before tax was lower due to weaker margins from Shipbuilding and Shiprepair.

We will intensify our efforts to look for niche projects to build up our order book for the years ahead.” ~Ng Sing Chan, President

Marine 2Q2016 Unaudited Results 

N.B.: All currencies are in Singapore dollars.

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