SembCorp Marine - 1H 2011 Net Profit @ S$300.4 million

At the close of the market today, SembCorp Marine announced that it achieved a net profit of S$300.4 million for 1H ended 30 June 2011. This is 8% lower compared to the corresponding period in 2010, attributable mainly to the timing in recognition of new rigs projects since 4Q 2010.

I guess that last statement simply means there will be more profits for the 2H of 2011 then.

In addition, SembCorp Marine announced that it will be giving out a one-tier tax exempt interim dividend of 5 cents per share (i.e. $50 for a lot of 1,000 shares), the same amount that was paid out in 1H 2010. This interim dividend will be paid on 31 August 2011.

The full report, including charts about the turnover and other details (e.g. profit margins) can be found on SGX website.