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Sembmarine files notice of three consecutive years of losses

The company’s latest 6-month average daily market capitalisation stood at S$4.77b. 

Sembcorp Marine Ltd. has filed a notice of pre-tax losses for the third consecutive financial year. 

The company reported that as of 31 March 2023, its 6-month average daily market capitalisation stood at S$4.77b.

Sembmarine noted that the Singapore Exchange will place the company on its watch list as its listing rules provided that the list will include issuers that record either three straight years of pre-tax losses or record an average daily market capitalisation of less than S$40m over the last 6 months. 

Read more: Sembmarine clinches largest offshore renewable project

Sembmarine also informed investors that the Exchange will be conducting a quarterly review to identify the issuers that will be included in the list. 

“The quarterly review will take place on the first market day of March, June, September, and December of each year,” the notice read in part. 

“The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch list.”

 

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