Sembcorp Industries says it is expecting its financial results for the 1HFY2022 ended June to be “materially higher”.
The better-than-expected performance for the half-year period was driven by the company’s conventional energy segment.
Electricity prices in Singapore and India continued to remain high in the 1HFY2022.
Sembcorp will release its results on Aug 5.
Shares in Sembcorp closed 3 cents higher or 1.03% up at $2.93 on July 18.
