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Sembcorp Marine reports 1H2021 net loss of S$647 million

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  • MCKB OP : The Group still faces uncertainties arising from the COVID-19-led measures of border controls, as well as workforce supply and quarantine restraints. Continuing efforts to resolve the skilled manpower shortage on a timely basis is a key priority to address the risk of further project delays or terminations. The Group has also actively undertaken measures to improve project execution, replenish temporary working capital depletion and enhance the Group’s liquidity position. However the Group expects to incur losses in 2H2021 because of insufficient revenues to cover overhead costs.

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