| Sembcorp Industries, whose biggest shareholder is Temasek Holdings, reported a 23 per cent drop in first-quarter net profit and warned of challenges facing its Singapore energy and marine businesses.
Sembcorp earned S$142.2 million in the three months ended March, down from S$184.8 million in the same period a year ago. Net profit from its utilities business fell 19 per cent to S$74.5 million, while earnings from its marine operations declined 13 per cent to S$64.7 million. Sembcorp's turnover fell 11 per cent to S$2.3 billion during the first three months of 2015...............................................Full Article: Source
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