SEMBCORP Industries Ltd, Singapore's fifth biggest conglomerate, has posted a better-than-expected profit increase for the second quarter on higher gas and electricity sales and gains from the disposal of a China investment company.
For the April-June quarter, SembCorp made a net profit of S$117.6mil, up 86% from S$63.38mil in the year-ago period. Revenue rose 11.4% to S$1.16bil.
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