Sembcorp Marine records 3 consecutive years of losses

The latest six-month average daily market capitalisation was at $2.6b.

Sembcorp Marine reported it experienced its third consecutive year of losses pre-tax.

In a disclosure to the SGX, the company reiterated that it will only be placed on the watchlist if its average daily market capitalisation fell below $40m. Sembcorp Marine reported this amount to be at $2.6b as of 28 March.

The Singapore Exchange said it will conduct quarterly reviews on the first market days of March, June, September, and December every year to identify issuers on the watch list. The company said it will immediately announce whether it will be placed on the watch list.

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