02 Aug 2004

SembCorp Marine’s Financial Highlights for the Half Year Ended June 30, 2004

Highlights
  • Revenue increased 18% to $576 million, attributable mainly to the increase in both conversion and ship repair jobs
  • Operating profit increased 6% to $43.1 million
  • PBT (before exceptional items) increased 4% to $52.5 million
  • PATMI (before exceptional items) increased 16% to $46.0 million
  • Earnings per share up 15% to 3.24 cents per share
  • Total interim dividend for 1H 2004 at 1.5 cents per share less tax comprising interim dividend of 0.75 cents and special dividend of 0.75 cents
  • Total order book stands at S$2.0 billion
Revenue Contributions by Sectors (2Q 2004 versus 2Q 2003)

Sector

2Q 2004

S$’m

2Q 2003

S$’m

+/(-)

+/(-) %

Ship Repair

124.5

80.7

43.8

54.3

Ship Conversion/offshore

124.4

72.6

51.8

71.3

Shipbuilding

42.1

82.9

(40.8)

(49.2)

Rig Building

18.7

44.0

(25.3)

(57.5)

Others

21.1

14.2

6.9

48.6

Total

330.8

294.4

36.4

12.4

Revenue Contributions by Sectors (1H 2004 versus 1H 2003)

Sector

1H 2004

S$’m

1H 2003

S$’m

+/(-)

+/(-) %

Ship Repair

220.4

159.4

61.0

38.3

Ship Conversion/offshore

229.4

153.6

75.8

49.3

Shipbuilding

44.2

86.1

(41.9)

(48.7)

Rig Building

41.6

59.2

(17.6)

(29.7)

Others

40.2

31.5

8.7

27.6

Total

575.8

489.8

86.0

17.6

 

For media & analysts enquiries, please contact:

Judy Han (Ms)
Vice President
Investor Relations & Communications
Tel No : (65) 6262 7203
Fax No : (65) 6261 0738
Email : judy@sembcorpmarine.com.sg

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