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Marine: Results For The Year Ended 31 December 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
“Lower Profits”

FINANCIAL HIGHLIGHTS for the year ended 31 December 2016

    2016
2015
Growth %
Revenue ($m)
841
958
(12)
Earnings before interest and tax (EBIT) ($m)
63.6
71.8
(11)
Other income, net ($m)
7.4
7.4
1
Finance income, net ($m)
3.3
3.6
(9)
Profit before tax (PBT) ($m)
75.1
88.3
(15)
Profit attributable to shareholders ($m)
67.8
85.7
(21)
Economic value added (EVA) ($m)
51.1
76.5
(33)

 

Marine FY2016 Audited Results

“Marine sector recorded lower profits in 2016 due mainly to poorer performance from the US operations.We expect the operating environment to remain challenging in FY2017 and will stay focused to build up our order book.” Ng Sing Chan, President

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

 

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