Sembcorp Industries - UOB Kay Hian 2016-05-05: 1Q16 Net Profit Of S$107m In Line; All Eyes Are On India
SEMBCORP INDUSTRIES LTD U96.SI Sembcorp Industries (SCI SP) 1Q16 - Net Profit Of S$107m In Line; All Eyes Are On India
- Results were within our expectation.
- Utilities net profit from overseas increased 12% yoy, offsetting a 7% yoy fall in utilities net profit from Singapore.
- All eyes are on India, where we expect to see a net profit contribution of S$49m for 2016 despite the losses in 1Q16.
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