Sembcorp Marine: Reports S$583 Million Net Loss For FY 2020, Including S$162 Million Pre-Tax Asset Impairments & Provisions In 4Q 2020.

23 Feb 2021 10:26

Excluding impairments and provisions, the FY 2020 net loss was S$439 million. After being shut in mid-April 2020 due to the COVID-19 restrictions, the Group's production activities resumed gradually from early July 2020. None of the Group's existing projects were cancelled during the year. The Group is actively tendering for more than 10 green energy projects and a similar number in Process Solutions. As at end-2020, the Group has a net order book of S$1.82 billion...

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