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Sembcorp Marine expects to post 4Q net loss on rig deferment
By Jeffrey Tan / theedgemarkets.com | December 1, 2015 : 7:23 PM MYT
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SINGAPORE (Dec 1): Sembcorp Marine says it expects to post a net loss for the fourth quarter ending Dec 31, given the "challenging" operating environment in the oil & gas industry as its customers are deferring or seeking to defer their rig orders.
The profit warning also highlights that the company's full-year earnings may record a "significant decline".
Sembcorp Marine says it will disclose details of its financial performance when it releases its financial results on Feb 15, 2016.
Shares of Sembcorp Marine ended flat at $2.06.
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