Last night, the S&P 500 Index closed at 1497 points for a 0.61% gain as the electoral stalemate in Italy took a backseat. Back on local shores, the Straits Times Index (SGX: ^STI) also followed suit and moved 0.21% higher to 3261 points today, after a 1.05% slide on Tuesday.
Sembcorp Industries, a leading energy, water and marine group, saw its shares gain 1.93% to $5.29. The company released full year results on Tuesday. Net profits for the year fell by 6.9% to S$753.3m and a dividend of S$0.15 per share was proposed by management. Sembcorp Industries owns 60% of fellow STI component company, Sembcorp Marine.
Sembcorp Marine’s shares climbed 1.59% to $4.48. The offshore and marine engineering firm saw a drop in earnings per share of 27% to $0.08 in 2012. Dividends also saw a drop from $0.25 per share in 2011 to $0.13 per share in 2012. The company’s latest reported net order book stood at $13.6 billion, a 116% increase over the corresponding period last year.
Offshore engineering and property development company, Keppel Corp saw its shares rise 1.22% to $11.61. The company’s net profits for 2012 grew by 28% to S$1.9 billion after excluding revaluations. Keppel Corp’s Offshore & Marine Engineering division saw their net order book rise to $12.8 billion from $9.4 billion last year.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Contributor Chong Ser Jing doesn’t own shares in any companies mentioned.