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Marine: Results For The Year Ended 31 December 2015

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
“Lower Profits”

FINANCIAL HIGHLIGHTS for the year ended 31 December 2015 

 

2015

2014

Growth%

Revenue ($m)

958

1,342

(29)

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

71.8

100.8

(29)

Other income, net ($m)

7.4

12.1

(39)

Finance income, net ($m)

3.6

3.9

(8)

Profit before tax (PBT) ($m)

88.3

122.8

(28)

Profit attributable to shareholders ($m)

85.7

108.1

(21)

Economic value added (EVA) ($m)

76.5

93.6

(18)

 

Marine FY2015 Audited Results

Marine sector recorded lower profits in 2015 compared to 2014 due mainly to weaker performance from Shipbuilding and Engineering business groups. We expect challenging operating environment and remain focused on building up our order book in 2016.” ~Ng Sing Chan, President

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

 

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